Corning Incorporated (NYSE:GLW) Shareholders to Get $0.28 Quarterly Dividend

Key Points

• Corning declared a quarterly dividend of $0.28 per share, payable December 11 to shareholders of record on November 13. The payment represents an annualized dividend of $1.12 and a 0.7% yield.
• The dividend appears well covered, with a current payout ratio of 41.3%; analysts expect next year’s earnings to support a lower projected payout ratio of 26.1%.
• Corning’s latest quarterly results exceeded expectations, with adjusted EPS of $0.78 versus the $0.76 consensus and revenue of $4.74 billion, up 17.1% year over year.

Corning Incorporated (NYSE:GLW - Get Free Report) announced a quarterly dividend on Wednesday, October 7th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.28 per share by the electronics maker on Friday, December 11th. This represents a $1.12 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, November 13th.

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 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 Price Performance

Shares of GLW 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. The firm has a market cap of $140.51 billion, a PE ratio of 74.48, a PEG ratio of 2.15 and a beta of 1.13. The firm's 50 day moving average price is $155.06 and its 200 day moving average price is $168.44. Corning has a twelve month low of $77.39 and a twelve month high of $271.78.

Corning (NYSE:GLW - Get Free Report) last posted 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. Corning had a net margin of 11.20% and a return on equity of 20.09%. The company had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.63 billion. During the same period in the previous year, the firm posted $0.60 earnings per share. The company's revenue for the quarter was up 17.1% compared to the same quarter last year. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. As a group, research analysts expect that Corning will post 3.28 EPS 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.

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