LWLG Stock — Lightwave Logic, Inc.

Lightwave Logic, Inc. (LWLG)

Updated October 16, 2026.

LWLG is a Stock. Total return is 694.0% over the past 28.8 years, 511.8 points behind SPY at 1205.8%.

Lightwave Logic develops and commercializes electro-optic polymer materials for photonic applications, selling its Perkinamine materials to semiconductor foundries, silicon photonics device designers, and optical module manufacturers serving data center, cloud computing, and telecommunications markets; the company also generates revenue through intellectual property licensing and royalties. The company does not currently distribute dividends. This stock appeals to investors seeking exposure to specialized materials for advanced photonics and semiconductor applications rather than current income.

LWLG performance versus SPY

Price and return data through 2026-10-16.

Total return is 694.0% over the past 28.8 years, 511.8 points behind SPY at 1205.8%. Over the past year its total return — price change plus distributions reinvested — is -23.4%. Its deepest 1-year drawdown was 78.2%.

LWLG key facts

Asset type

Stock

Asset class

Equity

Inception date

01/14/1998

Distribution frequency

None

Last close

$3.97 (as of 2026-10-16)

Market cap

$612,044,002

Average volume

4882741.0

Beta

2.408

Payout ratio

0.0%

EPS

$-0.17

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

LWLG risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 78.2%.

Who may consider LWLG — and who may not

It is a weaker fit for investors who need monthly cash flow (LWLG does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on LWLG

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Tagged: Materials.

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