eMagin Corporation (NYSE:EMA) Plans Quarterly Dividend of C$0.74

eMagin Corporation (NYSE:EMA) announced a quarterly dividend on Tuesday, October 13th. Shareholders of record on Friday, October 30th will be paid a dividend of C$0.74 per share on Friday, November 13th. This represents a $2.96 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Friday, October 30th. This is a 1.0% increase from eMagin’s previous quarterly dividend of C$0.73.

eMagin Price Performance

NYSE EMA traded down $0.16 on Tuesday, hitting $45.68. 1,780,108 shares of the company traded hands, compared to its average volume of 435,674. The business’s 50 day moving average price is $49.48 and its 200-day moving average price is $51.58. eMagin has a 52-week low of $45.27 and a 52-week high of $55.49.

Hedge Funds Weigh In On eMagin

Institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its holdings in shares of eMagin by 6.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,232,687 shares of the company’s stock valued at $65,258,000 after purchasing an additional 71,020 shares during the last quarter. Rathbones Group PLC grew its position in shares of eMagin by 0.3% during the first quarter. Rathbones Group PLC now owns 58,900 shares of the company’s stock valued at $3,043,000 after purchasing an additional 200 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of eMagin in the second quarter worth about $2,926,000. Greenland Capital Management LP bought a new stake in shares of eMagin in the second quarter worth about $2,562,000. Finally, Engineers Gate Manager LP increased its holdings in shares of eMagin by 182.6% in the second quarter. Engineers Gate Manager LP now owns 26,564 shares of the company’s stock worth $1,408,000 after purchasing an additional 17,165 shares during the last quarter.

eMagin Company Profile

eMagin Corporation was a U.S.-based developer and manufacturer of organic light-emitting diode (OLED) microdisplays and near-eye display systems. Its products were designed for applications requiring compact, high-resolution displays, including military and aerospace equipment, night-vision and thermal-imaging systems, medical devices, industrial instruments, and other specialized electronics.

The company developed active-matrix OLED microdisplays, display engines, and related technologies intended for use in head-mounted and wearable systems.