Corning Incorporated Buyback
OLI recorded this information on 7/17/2019
Company:
Corning Incorporated
Buyback:
GLW buyback
$Amount Authorized:
$5,000,000,000
Buyback Details:
Corning Incorporated (NYSE:GLW) today announced that its board of directors declared a regular quarterly dividend of $0.20 per share on the company's common stock payable on Sept. 30, 2019, to shareholders of record on Aug. 30, 2019. The board also approved a new $5 billion share-repurchase authorization effective July 17, 2019.
Corning provides glass for notebook computers, flat panel desktop monitors, display televisions, and other information display applications; carrier network and enterprise network products for the telecommunications industry; ceramic substrates for gasoline and diesel engines in automotive and heavy-duty vehicle markets; laboratory products for the scientific community and polymer products for biotechnology applications; optical materials for the semiconductor industry and the scientific community; and polycrystalline silicon products and other technologies. Co.'s segments are: Display Technologies, Optical Communications, Specialty Materials, Environmental Technologies and Life Sciences.
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Avg. Broker Rec.
 
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Buy (2.95 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: GLW Stock Forecast Based on Zacks ABR data; powered by Xignite |
