Corning Incorporated (GLW) to Issue Quarterly Dividend of $0.28 on December 11th

Corning Incorporated (NYSE:GLW) declared a quarterly dividend on Tuesday, October 6th. Shareholders of record on Friday, November 13th will be given a dividend of $0.28 per share by the electronics maker on Friday, December 11th. This represents a $1.12 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, November 13th.

Corning has raised its dividend by an average of 0.0%annually over the last three years. Corning has a dividend payout ratio of 41.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Corning to earn $4.29 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 26.1%.

Corning Stock Performance

Shares of Corning stock opened at $163.12 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.24 and a current ratio of 1.81. Corning has a 1 year low of $77.39 and a 1 year high of $271.78. The firm’s 50-day simple moving average is $155.06 and its 200-day simple moving average is $168.44. The firm has a market cap of $140.51 billion, a PE ratio of 74.48, a price-to-earnings-growth ratio of 2.15 and a beta of 1.13.

Corning (NYSE:GLW) last issued its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 EPS for the quarter, topping the consensus estimate of $0.76 by $0.02. The company had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.63 billion. Corning had a return on equity of 20.09% and a net margin of 11.20%.The business’s revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 EPS. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. Equities analysts forecast that Corning will post 3.28 earnings per share for the current fiscal year.

Corning Company Profile

Corning Incorporated (NYSE: GLW) is a global materials science and technology company headquartered in Corning, New York. Founded in 1851, the company develops specialized glass, ceramics and optical technologies for customers in the communications, consumer electronics, automotive, life sciences and industrial markets.

Its Optical Communications segment supplies fiber, cable, hardware and related solutions used in telecommunications and data center networks. Corning also produces glass substrates for flat-panel displays, including televisions, monitors and other electronic devices, as well as specialty cover glass such as Gorilla Glass for mobile devices and other consumer electronics.

Additional products include automotive emissions-control substrates and filters, pharmaceutical and laboratory glassware, and advanced glass and ceramic materials used in semiconductor, aerospace, environmental and other applications.