1. Universal Display Corporation authorized a $100 million share repurchase. 2. They will also distribute a quarterly cash dividend of $0.45.
The share repurchase is often viewed positively as it signals confidence in stock value. Past instances of share buybacks have resulted in price increases for OLED stocks.
The announcement is significant as it reflects financial strength and positively impacts shareholder value.
Share buybacks and dividends typically influence stock price quickly. Investors may respond immediately to the company's commitment to returning value to shareholders.