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

Corning Incorporated (NYSE:GLW) declared a quarterly dividend on Wednesday, June 24th. Investors of record on Monday, August 31st will be paid a dividend of 0.28 per share by the electronics maker on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, August 31st.

Corning has raised its dividend by an average of 0.0%annually over the last three years. Corning has a dividend payout ratio of 41.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Corning to earn $4.21 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 26.6%.

Corning Trading Up 6.1%

Shares of NYSE:GLW opened at $205.91 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.61 and a debt-to-equity ratio of 0.62. The business has a 50 day moving average of $182.50 and a 200-day moving average of $140.14. Corning has a 12-month low of $51.09 and a 12-month high of $217.09. The stock has a market cap of $177.21 billion, a PE ratio of 98.52, a P/E/G ratio of 2.78 and a beta of 1.15.

Corning (NYSE:GLW) last posted 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 return on equity of 19.45% and a net margin of 11.09%.The firm had revenue of $4.34 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same quarter last year, the business earned $0.54 EPS. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. As a group, equities research analysts forecast that Corning will post 3.19 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on GLW shares. Truist Financial raised their price objective on Corning from $149.00 to $205.00 and gave the stock a “hold” rating in a research note on Monday. Susquehanna upped their price objective on shares of Corning from $125.00 to $180.00 and gave the stock a “positive” rating in a research report on Wednesday, April 29th. Morgan Stanley set a $180.00 target price on Corning in a research report on Friday, May 8th. JPMorgan Chase & Co. lifted their price target on shares of Corning from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Corning in a report on Friday, May 15th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $182.62.

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.