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

Corning Incorporated (NYSE:GLW) announced a quarterly dividend on Tuesday, October 6th. Stockholders of record on Friday, November 13th will be given 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 dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, November 13th.

Corning has increased its dividend payment by an average of 0.0%annually 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 Stock Performance

Shares of NYSE:GLW opened at $163.12 on Thursday. The company has a market cap of $140.51 billion, a P/E ratio of 74.48, a PEG ratio of 2.15 and a beta of 1.13. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.24 and a current ratio of 1.81. Corning has a one year low of $77.39 and a one year high of $271.78. The business’s 50-day simple moving average is $155.06 and its 200 day simple moving average is $168.44.

Corning (NYSE:GLW) last released its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.02. Corning had a return on equity of 20.09% and a net margin of 11.20%.The firm had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.63 billion. During the same quarter in the prior year, the business earned $0.60 EPS. Corning’s quarterly revenue was up 17.1% compared to the same quarter last year. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. On average, sell-side analysts forecast that Corning will post 3.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on GLW shares. Weiss Ratings downgraded shares of Corning from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. The Goldman Sachs Group reaffirmed an “outperform” rating on shares of Corning in a research note on Tuesday, September 15th. Wall Street Zen cut shares of Corning from a “buy” rating to a “hold” rating in a research report on Monday, August 24th. Morgan Stanley lowered their target price on Corning from $180.00 to $165.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 29th. Finally, Citigroup lowered their target price on Corning from $240.00 to $220.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Twelve analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $174.87.

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.