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

Corning Incorporated (NYSE:GLW) declared a quarterly dividend on Thursday, April 30th. Stockholders of record on Friday, May 29th will be paid a dividend of 0.28 per share by the electronics maker on Monday, June 29th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, May 29th.

Corning has increased its dividend payment by an average of 0.0%annually over the last three years. Corning has a payout ratio of 41.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Corning to earn $4.01 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 27.9%.

Corning Price Performance

Shares of NYSE:GLW opened at $164.73 on Friday. The firm’s 50 day moving average price is $148.66 and its 200-day moving average price is $112.83. Corning has a twelve month low of $44.33 and a twelve month high of $179.08. The company has a quick ratio of 1.04, a current ratio of 1.61 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $141.52 billion, a PE ratio of 78.82, a price-to-earnings-growth ratio of 2.17 and a beta of 1.06.

Corning (NYSE:GLW) last issued its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. Corning had a net margin of 11.09% and a return on equity of 19.45%. The firm had revenue of $4.35 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter in the prior year, the business earned $0.54 EPS. The business’s quarterly revenue was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. Equities research analysts expect that Corning will post 3.17 EPS for the current year.

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.