Corning Incorporated (GLW) to Issue Quarterly Dividend of $0.28 on March 30th

Corning Incorporated (NYSE:GLW) declared a quarterly dividend on Wednesday, February 11th. Stockholders of record on Friday, February 27th will be given a dividend of 0.28 per share by the electronics maker on Monday, March 30th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, February 27th.

Corning has raised its dividend by an average of 0.0%per year over the last three years. Corning has a payout ratio of 41.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Corning to earn $2.73 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 41.0%.

Corning Stock Up 4.2%

Shares of NYSE:GLW opened at $151.39 on Wednesday. The firm has a market cap of $129.89 billion, a PE ratio of 82.28, a price-to-earnings-growth ratio of 2.52 and a beta of 1.13. The company has a fifty day simple moving average of $104.26 and a 200 day simple moving average of $88.65. The company has a current ratio of 1.59, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. Corning has a 12-month low of $37.31 and a 12-month high of $152.91.

Corning (NYSE:GLW) last posted its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. The firm had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.35 billion. Corning had a net margin of 10.21% and a return on equity of 18.72%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 EPS. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. On average, equities research analysts anticipate that Corning will post 2.33 EPS for the current fiscal year.

Analyst Ratings Changes

GLW has been the subject of several research analyst reports. Wall Street Zen raised Corning from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Argus boosted their price target on Corning from $68.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Susquehanna raised their price objective on Corning from $100.00 to $125.00 and gave the stock a “positive” rating in a research note on Thursday, January 29th. Morgan Stanley lifted their price objective on shares of Corning from $103.00 to $127.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Oppenheimer set a $120.00 target price on shares of Corning in a report on Thursday, January 29th. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $121.25.

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.