Corning Incorporated’s (NYSE: GLW) Board of Directors today declared a quarterly dividend of $0.20 per share, an 11% increase in the company’s quarterly common stock dividend. The 2019 first-quarter dividend is payable on March 29, 2019, to shareholders of record on February 28, 2019.
In October 2015, Corning’s management announced a Strategy and Capital Allocation Framework which outlines the company’s 2016-2019 leadership priorities. Since the Framework was announced, the company has returned $11.8 billion to shareholders through dividends, which have increased 67% and repurchasing approximately 36% of its outstanding shares and delivered key milestones across all five of its market-access platforms.
Wendell P. Weeks, chairman, chief executive officer, and president, said, “We are now into our fourth year of Corning’s Framework which outlines the company’s leadership priorities. We are nearing our goal to deliver more than $12.5 billion to shareholders through stock buybacks and increased dividends. Today marks the fourth consecutive year we have increased shareholder dividends.”
