eMagin Corporation Announces Quarterly Dividend of C$0.73 (NYSE:EMA)

eMagin Corporation (NYSE:EMA) announced a quarterly dividend on Monday, April 13th. Investors of record on Friday, May 1st will be paid a dividend of 0.7325 per share on Friday, May 15th. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Friday, May 1st.

eMagin Stock Down 1.7%

NYSE EMA traded down $0.88 during trading hours on Monday, hitting $52.53. 342,585 shares of the company’s stock traded hands, compared to its average volume of 351,762. eMagin has a 52-week low of $41.90 and a 52-week high of $54.06. The firm’s 50-day moving average is $51.58 and its 200-day moving average is $49.59.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of eMagin in a research note on Monday, December 29th. Wall Street Zen cut shares of eMagin from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 28th. Finally, Bank of America cut shares of eMagin from a “buy” rating to a “neutral” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, eMagin presently has an average rating of “Hold” and a consensus target price of $58.50.

eMagin Company Profile

eMagin Corporation engages in the design, develop, manufacture, and market of organic light-emitting diode (OLED) miniature displays on-silicon micro displays, virtual imaging products that utilize OLED micro displays, and related products in the United States and internationally. It offers super video graphics array (SVGA) + OLED micro displays; digital SVGA OLED-XL; super extended graphics array OLED-XL/XLS; video graphics array OLED-XL; and widescreen ultra-extended graphics array OLED-XL. The company also provides design reference kits, which include a micro display and associated electronics to help original equipment manufacturers (OEMs) to evaluate micro display products; near-eye virtual imaging modules that incorporate its OLED-on-silicon micro displays with its lenses and electronic interfaces for integration into OEM products; prism optics, a molded plastic prism lens that permits its AMOLED micro displays to provide realistic images that can be viewed for extended periods with reduced eye-fatigue; and driver boards.