Corning Incorporated’s Board of Directors declared a quarterly dividend of USD 0.27 per share, a 12.5 percent increase versus the company’s previous quarterly common stock dividend of USD 0.24. The dividend will be payable on March 30, 2022, to shareholders of record on Feb. 28, 2022.
As announced previously, Edward Schlesinger, Corning’s senior vice president and corporate controller, will assume the role of chief financial officer on Feb. 18, 2022. Schlesinger commented, “Today’s dividend announcement reflects Corning’s confidence that we’re building a solid foundation for the future. We’re making great progress in all our businesses while delivering consistent growth and generating strong cash flow. We are well positioned to invest in the opportunities we see ahead while continuing to reward our shareholders.
“Growing dividends is an important component of our ongoing priorities for disciplined capital allocation. With this 12.5 percent increase to the quarterly dividend, we are again meeting the Strategy & Growth Framework goal of at least 10 percent annual increases through 2023.”