Universal Display Announces $100 Million Stock Buyback Program

Published 13 hours agoOLED

Universal Display Announces $100 Million Stock Buyback Program

Universal Display Corporation, listed on Nasdaq as OLED, has unveiled plans for a $100 million stock buyback program. This strategic move, authorized by the company's Board of Directors, is designed to boost shareholder value while demonstrating confidence in its financial health and future outlook. The buyback will be funded from the company's existing cash reserves and allows for flexibility in execution, as it can be carried out through various means such as open market or privately negotiated transactions. Notably, there is no set expiration date for the program, allowing it to be adjusted according to market conditions and other relevant factors.

This announcement comes on the heels of several shareholder-focused initiatives. Recently, Universal Display increased its quarterly dividend by 12.5% to $0.45 per share, underscoring its commitment to delivering value to investors. Stocktitan.net reported on these developments, highlighting the company's continued efforts to reward shareholders amidst strong financial performance.

As of May 1, 2025, Universal Display's stock is trading at $141.09, marking a 12.29% rise from the previous close. The stock saw an opening price of $130.01 and experienced a trading range between an intraday low of $126.66 and a high of $145.88, with a volume of 2,793,894 shares. This positive stock movement aligns with the company's efforts to enhance shareholder returns through its aggressive financial strategies.

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