Wavelength-dependent birefringence and dielectric anisotropy, two major optical properties of the nematic liquid crystal materials used in phase-only liquid crystal on silicon (LCOS) devices, are measured as a function of operating temperatures. The dynamic phase modulation depth and threshold voltage of these phase-only LCOS devices are also measured in the corresponding temperature range and compared with theoretical predictions. The results show that the dynamic response time can be reduced significantly by an appropriate increase of device operative temperature, while the necessary device elements, such as phase modulation depth and threshold voltage, can be maintained at the same time.