Universal Display announces $40M share repurchase authorization

Universal Display (OLED) announced that its Board of Directors has authorized a new share repurchase program of up to $400 million of the Company’s common stock. This authorization is incremental to the $100 million share repurchase program approved in April 2025, which was fully utilized through the first quarter of 2026. In addition, the Board declared a second quarter cash dividend of $0.50 per share on the Company’s common stock. “The Board’s approval of this new share repurchase authorization, together with our quarterly dividend, underscores our commitment to returning capital to shareholders through a disciplined and balanced capital allocation framework,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation.