Universal Display announced that its Board of Directors approved the initiation of quarterly cash dividends to its shareholders.   The quarterly dividend of $0.03 per share of common stock, Universal Display’s first ever dividend, will be paid on March 31, 2017, to all shareholders of record as of the close of business on March 15, 2017. Future dividends will be subject to Board approval.   “Today’s announcement reflects the Board of Directors’ confidence in Universal Display’s robust future...