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Stock impact report

Corning (NYSE:GLW) Is Paying Out A Dividend Of $0.28 [Yahoo! Finance]

Corning Incorporated (GLW) 
Last corning incorporated earnings: 4/28 07:15 am Check Earnings Report
Company Research Source: Yahoo! Finance
2 min read In This Article GLW Corning Incorporated's NYSE:GLW ) investors are due to receive a payment of $0.28 per share on 28th of March. This means the annual payment is 2.1% of the current stock price, which is above the average for the industry. Check out our latest analysis for Corning Corning's Payment Could Potentially Have Solid Earnings Coverage We like to see robust dividend yields, but that doesn't matter if the payment isn't sustainable. Prior to this announcement, the company was paying out 189% of what it was earning. Without profits and cash flows increasing, it would be difficult for the company to continue paying the dividend at this level. Looking forward, earnings per share is forecast to rise exponentially over the next year. If the dividend continues along recent trends, we estimate the payout ratio will be 50%, which would make us comfortable with the dividend's sustainability, despite the levels currently being elevated. NYSE:GLW Historic Divi Show less Read more
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