Corning Incorporated (GLW) to Issue Quarterly Dividend of $0.28 on June 29th

Corning Incorporated (NYSE:GLW) announced a quarterly dividend on Thursday, April 30th. Investors of record on Friday, May 29th will be paid a dividend of 0.28 per share by the electronics maker on Monday, June 29th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, May 29th.

Corning has increased its dividend payment by an average of 0.0%per year over the last three years. Corning has a payout ratio of 41.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Corning to earn $4.18 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 26.8%.

Corning Price Performance

Shares of NYSE GLW opened at $196.64 on Wednesday. The stock has a market cap of $169.24 billion, a price-to-earnings ratio of 94.09, a PEG ratio of 2.78 and a beta of 1.14. Corning has a 52 week low of $48.62 and a 52 week high of $211.79. The company’s 50-day moving average price is $164.19 and its 200 day moving average price is $124.80. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.62.

Corning (NYSE:GLW) last announced its earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.01. Corning had a net margin of 11.09% and a return on equity of 19.45%. The firm had revenue of $4.35 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the previous year, the company posted $0.54 EPS. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. Corning has set its Q2 2026 guidance at 0.730-0.770 EPS. As a group, research analysts forecast that Corning will post 3.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on GLW. Oppenheimer boosted their target price on shares of Corning from $120.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. boosted their target price on shares of Corning from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. HSBC reissued a “buy” rating and issued a $135.00 target price on shares of Corning in a research note on Friday, February 13th. Morgan Stanley set a $180.00 target price on shares of Corning in a research note on Friday, May 8th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Corning in a research note on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Corning has an average rating of “Moderate Buy” and an average price target of $177.92.

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.