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

Corning Incorporated (NYSE:GLW) announced a quarterly dividend on Wednesday, June 24th. Shareholders 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) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, August 31st.

Corning has raised its dividend payment by an average of 0.0%per year 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 GLW opened at $205.91 on Thursday. Corning has a 1 year low of $51.09 and a 1 year high of $217.09. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.06. The stock’s fifty day moving average price is $182.50 and its two-hundred day moving average price is $140.14. The firm has a market cap of $177.21 billion, a PE ratio of 98.52, a PEG ratio of 2.78 and a beta of 1.15.

Corning (NYSE:GLW) last announced its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. Corning had a return on equity of 19.45% and a net margin of 11.09%.The company had revenue of $4.34 billion during the quarter, compared to analyst estimates of $4.30 billion. During the same quarter last year, the firm posted $0.54 EPS. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. On average, equities research analysts forecast that Corning will post 3.19 EPS for the current year.

About Corning

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.