Corning Incorporated (GLW) in New York City is a leading materials science technology and innovation company with more than 170 years of experience. It operates through five segments: Display Technologies; Optical Communications; Specialty Materials; Environmental Technologies; and Life Sciences.
In April, the company announced its latest quarterly dividend of $0.27 per share, payable on June 29. Earlier, in February, GLW raised its quarterly dividend payout by 12.5% to $.027. It currently pays $1.08 annually, yielding 2.96% on its current share price. The company’s dividend payouts have risen at a 12% CAGR over the past five years. In addition, GLW’s 2.56% four-year average dividend yield is significantly higher than the 1.47% industry average.
