Owens Corning Inc (OC) To Go Ex-Dividend on July 20th

Owens Corning Inc (NYSE:OC) announced a quarterly dividend on Thursday, June 18th. Stockholders of record on Monday, July 20th will be given a dividend of 0.79 per share by the construction company on Thursday, August 6th. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Monday, July 20th.

Owens Corning has raised its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 10 years. Owens Corning has a payout ratio of 21.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Owens Corning to earn $11.76 per share next year, which means the company should continue to be able to cover its $3.16 annual dividend with an expected future payout ratio of 26.9%.

Owens Corning Stock Performance

Shares of Owens Corning stock opened at $144.04 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.24 and a quick ratio of 0.74. The firm has a 50 day simple moving average of $129.08 and a 200 day simple moving average of $122.42. Owens Corning has a fifty-two week low of $97.53 and a fifty-two week high of $159.91. The firm has a market cap of $11.60 billion, a P/E ratio of -21.79, a P/E/G ratio of 2.81 and a beta of 1.30.

Owens Corning (NYSE:OC) last announced its quarterly earnings data on Wednesday, May 6th. The construction company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.21. The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.18 billion. Owens Corning had a positive return on equity of 19.86% and a negative net margin of 5.43%.The business’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same period last year, the company earned $2.97 EPS. Sell-side analysts predict that Owens Corning will post 9.55 earnings per share for the current fiscal year.

About Owens Corning

Owens Corning is a global leader in composite materials and building products, with a primary focus on insulation, roofing, and fiberglass composites. The company serves professional contractors, builders and industrial manufacturers by providing solutions designed to improve energy efficiency, structural performance and durability. Its products are used in residential, commercial, and industrial applications worldwide.

The company’s core product lines include fiberglass insulation for thermal and acoustic comfort, roofing shingles and underlayment systems engineered for weather protection, and advanced composite materials for markets such as wind energy, automotive, marine and infrastructure.