Owens Corning Inc (NYSE:OC) Declares Quarterly Dividend of $0.79

Owens Corning Inc (NYSE:OC) declared a quarterly dividend on Thursday, September 17th. Shareholders of record on Monday, October 19th will be given a dividend of 0.79 per share by the construction company on Thursday, November 5th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, October 19th.

Owens Corning has raised its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 10 consecutive years. Owens Corning has a payout ratio of 21.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Owens Corning to earn $12.13 per share next year, which means the company should continue to be able to cover its $3.16 annual dividend with an expected future payout ratio of 26.1%.

Owens Corning Price Performance

Shares of Owens Corning stock opened at $124.68 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.67 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $9.86 billion, a price-to-earnings ratio of -15.47, a P/E/G ratio of 1.90 and a beta of 1.32. Owens Corning has a 1-year low of $97.53 and a 1-year high of $159.91. The firm’s 50-day moving average price is $142.29 and its two-hundred day moving average price is $127.85.

Owens Corning (NYSE:OC) last posted its earnings results on Wednesday, August 5th. The construction company reported $3.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $0.84. The company had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.66 billion. Owens Corning had a negative net margin of 6.81% and a positive return on equity of 20.52%. Owens Corning’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.21 earnings per share. On average, equities analysts predict that Owens Corning will post 9.94 earnings per share for the current fiscal year.

Owens Corning Company Profile

Owens Corning (NYSE:OC) is a global building materials company that develops and manufactures products used in residential, commercial and industrial construction. Its portfolio includes insulation, roofing materials and glass-fiber composites designed to improve energy efficiency, durability and structural performance.

The company’s insulation products include fiberglass, mineral wool and foam insulation, as well as related air-sealing and weatherization products. Its roofing business provides asphalt shingles, roofing components and other solutions for residential and commercial applications.