Owens Corning Inc (OC) to Issue Quarterly Dividend of $0.79 on August 6th

Owens Corning Inc (NYSE:OC) announced a quarterly dividend on Thursday, June 18th. Investors of record on Monday, July 20th will be paid a dividend of 0.79 per share by the construction company on Thursday, August 6th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, July 20th.

Owens Corning has increased its dividend by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 10 years. Owens Corning has a dividend payout ratio of 21.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Owens Corning to earn $11.77 per share next year, which means the company should continue to be able to cover its $3.16 annual dividend with an expected future payout ratio of 26.8%.

Owens Corning Price Performance

Shares of OC opened at $128.12 on Friday. The company has a market cap of $10.32 billion, a P/E ratio of -19.38, a PEG ratio of 2.32 and a beta of 1.34. The stock has a fifty day moving average price of $120.67 and a 200 day moving average price of $118.44. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.24 and a quick ratio of 0.74. Owens Corning has a 12 month low of $97.53 and a 12 month high of $159.42.

Owens Corning (NYSE:OC) last posted its earnings results on Wednesday, May 6th. The construction company reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.21. Owens Corning had a positive return on equity of 19.86% and a negative net margin of 5.43%.The company had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same period last year, the business posted $2.97 earnings per share. The firm’s quarterly revenue was down 10.5% compared to the same quarter last year. On average, research analysts forecast that Owens Corning will post 9.53 earnings per share for the current year.

Owens Corning Company Profile

Owens Corning is a global leader in composite materials and building products, with a primary focus on insulation, roofing, and fiberglass composites. The company serves professional contractors, builders and industrial manufacturers by providing solutions designed to improve energy efficiency, structural performance and durability. Its products are used in residential, commercial, and industrial applications worldwide.

The company’s core product lines include fiberglass insulation for thermal and acoustic comfort, roofing shingles and underlayment systems engineered for weather protection, and advanced composite materials for markets such as wind energy, automotive, marine and infrastructure.