Corning Incorporated (NYSE:GLW) had declared a cash dividend of $0.1350 on Oct 5, 2016. The shares will quote ex-dividend on Nov 15, 2016 and the record date has been fixed for Nov 17, 2016. On Oct 5, 2016 share price, the yield comes out to be 2.3067%. The dividend payable date has been fixed on Dec 15, 2016.
In a different note, On Aug 26, 2016, Citigroup said it Maintains its rating on Corning Incorporated. In the research note, the firm Raises the price-target to $23.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 28, 2016, UBS said it Maintains its rating on Corning Incorporated. In the research note, the firm Raises the price-target to $19.00 per share. The shares have been rated ‘Neutral’ by the firm.
Corning Incorporated (GLW) made into the market gainers list on Fridays trading session with the shares advancing 0.82% or 0.19 points. Due to strong positive momentum, the stock ended at $23.39, which is also near the day’s high of $23.61. The stock began the session at $23.4 and the volume stood at 67,75,478 shares. The 52-week high of the shares is $23.96 and the 52 week low is $16.13. The company has a current market capitalization of $24,253 M and it has 1,03,68,77,160 shares in outstanding.
Corning Incorporated(GLW) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.44B. Analysts had an estimated revenue of $2.38B. Earnings per share were $0.37. Analysts had estimated an EPS of $0.32.
Several Insider Transactions has been reported to the SEC. On Sep 30, 2016, David L Morse (Executive Vice President) sold 18,000 shares at $23.50 per share price.Also, On Sep 9, 2016, Martin J Curran (Exec. VP & Innovation Officer) sold 54,416 shares at $22.86 per share price.On Aug 17, 2016, R Tony Tripeny (Senior Vice President and CFO) sold 15,000 shares at $23.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Corning Incorporated (Corning) is engaged in the manufacture of specialty glass and ceramics. The Company creates and makes keystone components that enable systems for consumer electronics mobile emissions control optical communications and life sciences. Corning operates in five segments: Display Technologies which manufactures glass substrates; Optical Communications which is engaged in providing optical solutions; Environmental Technologies which manufactures ceramic substrates and filter products; Specialty Materials which manufactures products that provide more than 150 material formulations for glass glass ceramics and fluoride crystals and Life Sciences segment which is a developer manufacturer and supplier of scientific laboratory products. The Company manufactures and processes products at approximately 90 plants in 17 countries.