Seeking Alpha

Corning Inc. (GLW)

  • Dec. 3, 2014, 2:41 PM
    • Corning (GLW +2.6%) has hiked its quarterly dividend by 20% to $0.12/share. That's good for a 2.2% yield at current levels. The glass giant's Q1 dividend will be payable on March 31 to shareholders on record as of Feb. 27.
    • Corning has also authorized a new $1.5B buyback. It launched a $2B buyback a year ago, and later used it to strike a $1.25B accelerated share repurchase deal with Citi.
    • The announcement comes a day after Corning announced a deal to buy Samsung's optical fiber/cable unit, a move that bolsters the Asian presence of Corning's already-sizable optical fiber business. The company's optical communications sales totaled $698M in Q3, +7% Y/Y and equal to 26% of total revenue.
    • Shares have rallied following the dividend/buyback announcement, and aren't far from a 52-week high of $22.37.
  • Apr. 24, 2013, 9:43 AM
    Corning Incorporated (GLW) declares $0.10/share quarterly dividend, 10% increase from prior dividend of $0.09. Forward yield 3.04%. For shareholders of record May 31. Payable June 28. Ex-div date May 29. (PR)
  • Apr. 24, 2013, 9:18 AM
    In tandem with its Q1 report (I, II), Corning (GLW) has announced a new $2B stock buyback program to replace a $1.5B program that expired in December, and has hiked its quarterly dividend by a penny to $0.10/share. The buyback is good for repurchasing 10% of shares at current levels, and the dividend hike raises Corning's yield to 3%. Shares +2.7% premarket. (PR)
    | Comment!
  • Oct. 3, 2012, 12:51 PM
    Corning (GLW) declares $0.09/share quarterly dividend, 20% increase from prior dividend of $0.075. Forward yield 2.72%. For shareholders of record Nov 16. Payable Dec 14. Ex-div date Nov 14. (PR)
  • Jul. 18, 2012, 10:31 AM
    Corning (GLW) declares $0.075/share quarterly dividend, in line with previous. Forward yield 2.4%. For shareholders of record Aug 31. Payable Sep 28. ex-div date Aug 29. (PR)
Visit Seeking Alpha's
GLW vs. ETF Alternatives
Company Description
Corning Inc is engaged in manufacturing of specialty glass and ceramics. The Company's segments are Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials and Life Sciences.