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Apr. 24, 2013, 9:18 AMIn 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!
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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.
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