As per Corning Incorporated (NYSE:GLW) statement on 2016-07-20, the shareholders would receive dividend for the gone quarter. The company confirmed that it will disburse $0.135 per share as dividend to stakeholders. The record date is set as 2016-08-31, the payout date as 2016-09-30 and the ex-dividend date is 2016-08-29.
Last fiscal Corning Incorporated (NYSE:GLW) disbursed cash dividend of $0.135. A year ago, the payout was $0.135, which indicates a difference of 20%. The past track record of five years substantiates that the average payout as given by the firm stands at $0.135, implying 19.1358% growth.
For the period ended on 2015-12-31, Corning Incorporated (NYSE:GLW)’s earnings came at $0.37 per share compared to EPS of $0.34 a year ago. This quarter the firm can post earnings for quarter ending 2016-09-30 on or around 2016-10-25. For this quarter, the analysts have earnings estimate of $0.38 per share.
The interim price target for Corning Incorporated (NYSE:GLW) is set at $18.875. This level is the mean price reached by averaging the stock views of 8 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate for Corning Incorporated (NYSE:GLW) is seen at $23 and the lowest level is established at $14.5. This broad range highlights a standard deviation of $3.281 in reported estimates.
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