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

Corning Incorporated (NYSE:GLW) declared 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) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, February 27th.

Corning has raised its dividend 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. 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 Stock Up 3.8%

Shares of NYSE GLW opened at $133.03 on Thursday. Corning has a 12-month low of $37.31 and a 12-month high of $134.39. The firm’s 50-day simple moving average is $95.80 and its 200 day simple moving average is $83.83. The company has a quick ratio of 1.04, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. The company has a market cap of $114.06 billion, a price-to-earnings ratio of 72.30, a price-to-earnings-growth ratio of 2.22 and a beta of 1.13.

Corning (NYSE:GLW) last posted its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.01. Corning had a net margin of 10.21% and a return on equity of 18.72%. The firm had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter last year, the company posted $0.57 EPS. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, research analysts expect that Corning will post 2.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GLW has been the subject of several research analyst reports. Susquehanna boosted their price objective on shares of Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a research report on Thursday, January 29th. JPMorgan Chase & Co. boosted their target price on Corning from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Morgan Stanley upped their price target on Corning from $98.00 to $103.00 and gave the company an “equal weight” rating in a research note on Thursday, January 29th. Barclays set a $100.00 price target on Corning in a report on Thursday, January 29th. Finally, Argus boosted their price objective on Corning from $68.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Corning currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.36.

Corning Company Profile

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.