Corning Incorporated (GLW) to Issue Quarterly Dividend of $0.28 on December 11th

Corning Incorporated (NYSE:GLW) declared a quarterly dividend on Tuesday, October 6th. Investors 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 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, November 13th.

Corning has a payout ratio of 41.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Corning to earn $4.50 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 24.9%.

Corning Price Performance

Shares of NYSE GLW opened at $112.21 on Wednesday. The firm has a market cap of $96.66 billion, a P/E ratio of 45.43, a price-to-earnings-growth ratio of 1.43 and a beta of 1.23. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.51. Corning has a 1-year low of $77.39 and a 1-year high of $271.78. The business’s 50 day moving average is $143.08 and its 200-day moving average is $155.76.

Corning (NYSE:GLW) last released its quarterly earnings results on Tuesday, October 27th. The electronics maker reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.03. The business had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.03 billion. Corning had a return on equity of 20.83% and a net margin of 12.13%. The firm’s quarterly revenue was up 18.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 EPS. Equities research analysts predict that Corning will post 3.38 earnings per share for the current year.

Key Corning News

Here are the key news stories impacting Corning this week:

• Positive Sentiment: Corning’s shares gained 32.5% over the past year, outperforming both its industry and the S&P 500, with AI infrastructure demand, optical communications growth, and solar expansion cited as drivers. GLW Stock Rises 32.5% in a Year: Is There Still Room to Grow?
• Positive Sentiment: Forty ETFs bought Corning shares on Nov. 5, while 16 sold, resulting in a reported net $47.6 million inflow. ETFs Bought $47.6 Million of Corning
• Neutral Sentiment: A technical analysis article describes GLW as oversold, suggesting the possibility of a bounce, but says the stock’s broader trend remains weak. Corning Stock Price Prediction
• Negative Sentiment: Coverage says the AI “picks-and-shovels” trade is retreating, a shift that can weigh on Corning given investor interest in its AI-related infrastructure exposure. The AI Picks-and-Shovels Trade Caves In
• Negative Sentiment: Sanford C. Bernstein cut its GLW price target to $120 from $140 and maintained a “market perform” rating, signaling more cautious expectations. Corning Price Targets

About Corning

Corning Incorporated is a materials science and technology company with roots dating to 1851, when it was established as Corning Glass Works. The company develops and manufactures specialty glass, ceramics and optical materials for customers in a range of industries. Its products include optical fiber, cable and connectivity solutions for communications networks; glass substrates used in display technologies; and specialty glass such as Gorilla Glass for consumer electronics. Corning also makes ceramic substrates and filters for emissions-control systems, as well as glassware and other products for life sciences and laboratory use.