Corning Incorporated (NYSE:GLW) Plans $0.28 Quarterly Dividend

Corning Incorporated (NYSE:GLW) declared a quarterly dividend on Wednesday, June 24th. Stockholders of record on Monday, August 31st will be given a dividend of 0.28 per share by the electronics maker on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, August 31st.

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 $4.21 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 26.6%.

Corning Stock Performance

Shares of Corning stock opened at $205.91 on Thursday. Corning has a 1 year low of $51.09 and a 1 year high of $217.09. The firm’s 50-day moving average is $182.50 and its 200 day moving average is $140.14. The stock has a market cap of $177.21 billion, a price-to-earnings ratio of 98.52, a PEG ratio of 2.78 and a beta of 1.15. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.06.

Corning (NYSE:GLW) last released its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.01. The business had revenue of $4.34 billion during the quarter, compared to analyst estimates of $4.30 billion. Corning had a net margin of 11.09% and a return on equity of 19.45%. Corning’s revenue was up 18.1% compared to the same quarter last year. During the same period last year, the business earned $0.54 EPS. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Sell-side analysts anticipate that Corning will post 3.19 EPS for the current fiscal year.

Corning Company Profile

Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.

Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.