Corning to lift dividends by 10%, distribute USD 8-10 bln to shareholders in 2020-2023

Friday 14 June 2019 | 15:42 CET | News
Corning has unveiled its Strategy and Capital Allocation Framework for 2020-2023, with new targets for the future. The latest framework follows the one from 2016-2019, which Corning said will be met. CEO Wendell Weeks explained that, by the end of the year, Corning have returned over USD 12.5 billion to shareholders, while investing USD 11 billion towards extending its leadership and delivering growth. For the years to 2023, the company intends to lift dividends per share by at least 10 percent per year and to buy back shares; it will distribute USD 8-10 billion to shareholders and put about

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: General
Companies: Corning
Countries: World
::: add a comment
This article is part of dossier


Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Corning lifts quarterly dividend by 10%

Published 06 Feb 2020 09:15 CET | World
Corning said it will be lifting its quarterly dividend by 10 percent, to USD 0.22 per share. The dividend will be payable on 31 ...

Corning still confident in 2020-2023 objectives after lower but in-line Q4

Published 29 Jan 2020 17:32 CET | World
Corning CEO Wendell Weeks said the company delivered, as promised, on its goals for 2016-2019, and that it is still on track to ...

Corning reports lower Q3 but confidence remains in 2020-2023 objectives

Published 29 Oct 2019 14:58 CET | World
Corning said results for the third quarter came in line with the guidance it provided last month. CEO Wendell Weeks said the ...

Corning announces 5G in-building network collaboration with Intel

Published 21 Oct 2019 18:10 CET | World
Corning Incorporated and Intel entered into a strategic collaboration to accelerate the availability of 5G in buildings. The two ...

Corning lowers FY guidance for Display Technologies, Optical Communications

Published 17 Sep 2019 11:17 CET | World
Corning has lowered its full year forecasts for Display Technologies and Optical Communications. The move comes after several ...

Corning Q2 sales rise 7% with growth in each segment, net income drops 88%

Published 30 Jul 2019 14:48 CET | World
Corning has reported a 7 percent rise in sales in the second quarter of 2019 to USD 2.94 billion. The company said the strong ...

Corning starts new USD 5 bln share buyback programme

Published 18 Jul 2019 11:20 CET | World
Corning said it will be keeping its recently lifted quarterly dividend at USD 0.20 for shareholders on record at end August, but ...

Corning introduces Corning Astra Glass at SID's Display Week 2019

Published 14 May 2019 11:10 CET | World
Corning released a new glass substrate, Corning Astra Glass, optimised for mid-to-large-size, immersive displays in ...

Corning launches high index glass wafers in 300-millimeter diameter size for AR devices

Published 06 May 2019 16:39 CET | World
Corning said it created 300-millimeter diameter glass wafers in selected refractive indexes optimised for augmented reality (AR) ...

Corning sees continued strong growth this year after lifting revenues, profit in Q1

Published 30 Apr 2019 16:18 CET | World
Corning reported higher results for the first quarter, with CEO Wendell Weeks saying the company will likely see more strong ...

Corning ups quarterly div by 11% to USD 0.20/share

Published 07 Feb 2019 10:52 CET | World
Corning has upped its quarterly dividend by 11 percent to USD 0.20 per share. The dividend for the first quarter will be paid out ...

Corning sees continued growth for 2019 after solid Q4

Published 29 Jan 2019 14:03 CET | World
Corning said revenues for the fourth quarter advanced 15 percent from the year before to USD 3.0 billion, with all businesses ...

Corning Precision Glass Solutions, WaveOptics enter supply deal for AR optics

Published 13 Dec 2018 15:40 CET | World
Corning and WaveOptics entered into a long-term supply agreement for augmented reality (AR) optics. Corning will provide ...

Corning sees FY sales beating forecast after strong Q3 results

Published 23 Oct 2018 15:59 CET | World
Corning reported another strong quarter of results, supported by demand for its optical products and an improved LCD market. The ...

Corning raises FY outlook on strong demand for optical products, positive LCD market

Published 25 Jul 2018 15:10 CET | World
Corning has raised its outlook for full-year sales, on the back of strong demand for its optical and environmental products. The ...

Corning introduces Gorilla Glass 6, built for multiple drops

Published 19 Jul 2018 08:34 CET | World
Corning has unveiled the next generation of Gorilla Glass for mobile devices. Considered the most durable to date, Corning ...

Corning closes acquisition of substantially all of 3M's Communication Markets Division

Published 04 Jun 2018 15:27 CET | World
Corning largely completed the previously announced acquisition of substantially all of the Communication Markets Division (CMD) ...

Corning grows Q1 sales 5%, led by optical products

Published 24 Apr 2018 17:16 CET | World
Corning reported a loss of USD 589 million for the first quarter on one-time charges for currency hedging. Revenues were still up ...

Corning increases quarterly dividend 19%

Published 07 Feb 2018 17:03 CET | World
Corning announced a 16 percent increase in its quarterly dividend to USD 0.18 per share. The first higher dividend will be paid ...

Corning Q4 sales up 7% on Gorilla Glass demand

Published 30 Jan 2018 15:06 CET | World
Corning said its net result for the fourth quarter sank to a loss of USD 1.41 billion from a profit the year before of USD 1.57 ...