Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced that its Board of Directors has approved a new share repurchase program, authorizing the Company to purchase up to $100 million of its common stock. In addition, the Board also approved a second quarter cash dividend of $0.45 per share on the Company’s common stock.
Share Repurchase Authorization
The $100 million repurchase authorization is effective immediately and permits shares of the Company’s common stock to be repurchased from time to time at management’s discretion, through a variety of methods, including a 10b5-1 trading plan, open market purchases, privately negotiated transactions, or transactions otherwise in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended. The repurchase program has no time limit, does not obligate the Company to acquire a specified number of shares and may be modified, suspended or discontinued at any time at the Company’s discretion.
Repurchases under this program will be funded from the Company’s existing cash and investments or future cash flow.
Second Quarter 2025 Dividend
The second quarter cash dividend of $0.45 is payable on June 30, 2025, to shareholders of record on June 16, 2025. The dividend reflects the Company’s expected continued cash flow generation, and commitment to return capital to its shareholders. Future dividends will be subject to Board approval.
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