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

Corning Incorporated (NYSE:GLW) announced a quarterly dividend on Wednesday, February 11th. Investors of record on Friday, February 27th will be given a dividend of 0.28 per share by the electronics maker on Monday, March 30th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, February 27th.

Corning has increased its dividend by an average of 0.0%per year over the last three years. Corning has a payout ratio of 41.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Corning to earn $2.73 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 41.0%.

Corning Price Performance

Shares of Corning stock opened at $133.03 on Thursday. The stock has a market capitalization of $114.06 billion, a P/E ratio of 72.30, a PEG ratio of 2.22 and a beta of 1.13. The business has a 50 day simple moving average of $95.80 and a two-hundred day simple moving average of $83.83. Corning has a 12 month low of $37.31 and a 12 month high of $134.39. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.04.

Corning (NYSE:GLW) last issued its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. Corning had a return on equity of 18.72% and a net margin of 10.21%.The firm had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same period in the previous year, the company posted $0.57 earnings per share. The business’s revenue was up 13.9% on a year-over-year basis. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. As a group, analysts predict that Corning will post 2.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GLW has been the subject of a number of research reports. Barclays set a $100.00 target price on shares of Corning in a report on Thursday, January 29th. Fox Advisors cut shares of Corning from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 29th. Oppenheimer set a $120.00 target price on shares of Corning in a research note on Thursday, January 29th. Susquehanna boosted their target price on Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a report on Thursday, January 29th. Finally, Wolfe Research set a $130.00 price target on Corning and gave the company an “outperform” rating in a report on Tuesday, January 27th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Corning currently has an average rating of “Moderate Buy” and an average target price of $112.36.

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.