Corning Incorporated (GLW) To Go Ex-Dividend on August 31st

Corning Incorporated (NYSE:GLW) announced a quarterly dividend on Wednesday, June 24th. Shareholders of record on Monday, August 31st will be given 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 payment by an average of 0.0%annually over the last three years. Corning has a payout ratio of 41.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Corning to earn $4.26 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 26.3%.

Corning Trading Up 10.8%

GLW opened at $228.14 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.61 and a quick ratio of 1.06. Corning has a fifty-two week low of $51.32 and a fifty-two week high of $230.50. The company’s 50 day moving average price is $183.60 and its two-hundred day moving average price is $141.15. The firm has a market capitalization of $196.35 billion, a price-to-earnings ratio of 109.16, a PEG ratio of 2.95 and a beta of 1.15.

Corning (NYSE:GLW) last released its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.70 earnings per share (EPS) 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 $4.34 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter last year, the firm earned $0.54 earnings per share. The company’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 predict that Corning will post 3.19 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on GLW shares. Mizuho lifted their target price on Corning from $190.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. Morgan Stanley set a $180.00 price target on Corning in a research note on Friday, May 8th. Barclays raised their price objective on Corning from $149.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. lifted their price objective on Corning from $175.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, Citigroup upped their target price on Corning from $175.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.62.

About Corning

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.