Owens Corning Inc Declares Quarterly Dividend of $0.79 (NYSE:OC)

Owens Corning Inc (NYSE:OC) declared a quarterly dividend on Thursday, February 5th. Investors of record on Monday, March 9th will be given a dividend of 0.79 per share by the construction company on Thursday, April 9th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Monday, March 9th.

Owens Corning has increased its dividend by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 10 consecutive years. Owens Corning has a payout ratio of 21.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Owens Corning to earn $15.85 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 19.9%.

Owens Corning Trading Up 1.5%

Shares of NYSE OC opened at $134.17 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.05. Owens Corning has a 12 month low of $97.53 and a 12 month high of $184.52. The company has a market cap of $11.03 billion, a price-to-earnings ratio of -23.46, a P/E/G ratio of 2.78 and a beta of 1.36. The business has a fifty day simple moving average of $117.83 and a 200-day simple moving average of $128.92.

Owens Corning (NYSE:OC) last posted its quarterly earnings results on Wednesday, November 5th. The construction company reported $3.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.03. The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.71 billion. Owens Corning had a negative net margin of 4.46% and a positive return on equity of 24.42%. The firm’s revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.38 earnings per share. Sell-side analysts predict that Owens Corning will post 15.49 EPS for the current year.

Owens Corning Company Profile

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.