Universal Display Corporation Increases Quarterly Cash Dividend From $0.35 To $0.40 Per Share
Portfolio Pulse from Benzinga Newsdesk
Universal Display Corporation (NASDAQ:OLED) has increased its quarterly cash dividend from $0.35 to $0.40 per share for Q1 2024, payable on March 29, 2024, to shareholders of record as of March 15, 2024. This increase reflects the company's continued cash flow generation and commitment to returning capital to shareholders.
February 22, 2024 | 9:44 pm
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Universal Display Corporation has raised its quarterly dividend to $0.40 per share for the first quarter of 2024, indicating strong cash flow and a commitment to shareholder returns.
Increasing dividends is generally viewed positively by the market as it signals a company's strong financial health and confidence in future earnings. For OLED, this increase in dividend payout is likely to attract income-focused investors and could lead to a positive short-term impact on the stock price.
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