Corning declares quarterly dividend of $0.28 per share

NEW YORK - Corning Incorporated (NYSE:GLW), with a market capitalization of $44.11 billion, announced Wednesday that its Board of Directors has declared a quarterly dividend of $0.28 per share, payable on September 29, 2025, to shareholders of record on August 29, 2025. The dividend represents a 2.18% yield, marking the company’s 19th consecutive year of dividend payments.

The materials science company, known for its expertise in glass, ceramic science, and optical physics, maintains its dividend payout as part of its regular shareholder return program. According to InvestingPro analysis, Corning demonstrates solid financial health with a current ratio of 1.69, indicating strong liquidity to meet its short-term obligations.

Corning operates across multiple sectors including optical communications, mobile consumer electronics, display technology, automotive, solar, semiconductors, and life sciences. The company has a 170-year history in materials science innovation.

The dividend announcement comes as part of Corning’s ongoing capital allocation strategy. The company made the announcement in a press release statement but did not provide additional information regarding changes to its dividend policy or other financial metrics.

Corning’s quarterly dividend represents a component of its shareholder return program alongside its broader business operations spanning various technology sectors.

In other recent news, Corning Incorporated reported its first-quarter 2025 financial results, exceeding analysts’ expectations with core sales of $3.68 billion and earnings per share (EPS) of $0.54, both surpassing the consensus estimates. The company anticipates a 7% year-over-year increase in revenue and a 21% rise in EPS for the second quarter, with guidance suggesting an EPS of $0.57, slightly above the consensus estimate. Corning’s Optical Communications segment notably drove growth with a 106% year-over-year increase in Enterprise Network sales. In addition to these earnings results, Corning announced a quarterly dividend of $0.28 per share, reinforcing its commitment to returning value to shareholders.

The company also detailed a series of leadership changes, including the retirement of COO Eric S. Musser and the election of Avery (Hal) Nelson III as the new COO. These changes are part of Corning’s long-term succession planning to sustain its value creation strategy. Additionally, Oppenheimer analyst Martin Yang adjusted Corning’s stock price target to $55 from $58, maintaining an Outperform rating, reflecting confidence in Corning’s strong performance and future prospects.

Corning’s strategic Springboard plan targets over $4 billion in annualized sales and a 20% operating margin by the end of 2026. The company remains focused on innovation and expansion in high-demand areas such as GenAI data centers and solar manufacturing. Despite some cost impacts from tariffs and new technology production ramp costs, Corning’s management expects these factors to have an insignificant effect on performance moving forward.

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