Published on 9 Mar 2024 on Simply Wall St. via Yahoo Finance

Should Income Investors Look At Universal Display Corporation (NASDAQ:OLED) Before Its Ex-Dividend?

It looks like Universal Display Corporation (NASDAQ:OLED) is about to go ex-dividend in the next 4 days. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Meaning, you will need to purchase Universal Display's shares before the 14th of March to receive the dividend, which will be paid on the 29th of March.

The company's next dividend payment will be US$0.40 per share, on the back of last year when the company paid a total of US$1.60 to shareholders. Based on the last year's worth of payments, Universal Display has a trailing yield of 0.9% on the current stock price of US$169.23. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! So we need to check whether the dividend payments are covered, and if earnings are growing.

Check out our latest analysis for Universal Display