Corning Incorporated’s (NYSE: GLW) Board of Directors today
declared a quarterly dividend of $0.28 per share. The dividend will
be payable on Dec. 15, 2023, to shareholders of record on Nov. 17,
2023.
Caution Concerning Forward-Looking
StatementsThe statements contained in this release and
related comments by management that are not historical facts or
information and contain words such as “will,” “believe,”
“anticipate,” “expect,” “intend,” “plan,” “seek,” “see,”
“would,” “target,” “estimate,” “forecast” or similar
expressions are forward-looking statements. These
forward-looking statements are made pursuant to the
safe harbor provisions of the Private Securities Litigation
Reform Act of 1995 and include estimates and assumptions related to
economic, competitive and legislative
developments. Such statements relate to future events
that by their nature address matters that are, to different
degrees, uncertain. These forward-looking statements relate to,
among other things, the company’s future operating
performance, the company’s share of new and existing markets, the
company's revenue and earnings growth rates, the company’s ability
to innovate and commercialize new products, the company's
expected capital expenditure and the company’s implementation of
cost-reduction initiatives and measures to improve pricing,
including the optimization of the company’s manufacturing
capacity.
Although the company believes that these forward-looking
statements are based upon reasonable assumptions regarding, among
other things, current estimates and forecasts,
general economic conditions, its knowledge of its business and
key performance indicators that impact the company, there can be no
assurance that these forward-looking statements will prove
to be accurate, as actual results and future events could
differ materially from those anticipated in such
statements. The company undertakes no obligation to update
forward-looking statements if circumstances or management’s
estimates or opinions should change except as required by
applicable securities laws.
Some of the risks, uncertainties and other factors that could
cause actual results to differ materially from those expressed in
or implied by the forward-looking statements include, but
are not limited to: global economic trends, competition and
geopolitical risks, or an escalation of sanctions, tariffs or other
trade tensions between the U.S. and China or other countries,
and related impacts on our businesses' global supply chains
and strategies; changes in macroeconomic and market conditions and
market volatility, including developments and volatility
arising from the COVID-19 pandemic, inflation, interest rates,
the value of securities and other financial assets, precious
metals, oil, natural gas and other commodity prices and exchange
rates (particularly between the U.S. dollar and the Japanese
yen, new Taiwan dollar, euro, Chinese yuan and South Korean won),
the availability of government incentives, decreases or
sudden increases of consumer demand, and the impact of such
changes and volatility on our financial position and businesses;
the duration and severity of the COVID-19 pandemic, and its
impact across our businesses on demand, personnel, operations,
our global supply chains and stock price; possible disruption in
commercial activities or our supply chain due to terrorist
activity, cyber-attack, armed conflict, political or financial
instability, natural disasters, international trade disputes or
major health concerns; loss of intellectual property due to theft,
cyber-attack, or disruption to our information technology
infrastructure; ability to enforce patents and protect intellectual
property and trade secrets; unanticipated disruption to Corning’s,
our suppliers’ and manufacturers’ supply chain, equipment,
facilities, IT systems or operations; product demand and industry
capacity; competitive products and pricing; availability and costs
of critical components, materials, equipment, natural
resources and utilities; new product development and
commercialization; order activity and demand from major customers;
the amount and timing of our cash flows and earnings and other
conditions, which may affect our ability to pay our quarterly
dividend at the planned level or to repurchase shares at planned
levels; the amount and timing of any future dividends; the
effects of acquisitions, dispositions and other similar
transactions; the effect of regulatory and legal developments;
ability to pace capital spending to anticipated levels of
customer demand; our ability to increase margins through
implementation of operational changes, pricing actions and cost
reduction measures; rate of technology change; adverse
litigation; product and component performance issues; retention of
key personnel; customer ability to maintain profitable operations
and obtain financing to fund ongoing operations and
manufacturing expansions and pay receivables when due; loss of
significant customers; changes in tax laws, regulations and
international tax standards; the impacts of audits by taxing
authorities; the potential impact of legislation, government
regulations, and other government action and investigations; and
other risks detailed in Corning’s SEC filings.
For a complete listing of risks and other factors, please
reference the risk factors and forward-looking statements described
in our annual reports on Form 10-K and quarterly reports
on Form 10-Q.
Web DisclosureIn accordance with guidance
provided by the SEC regarding the use of company websites and
social media channels to disclose material information, Corning
Incorporated (“Corning”) wishes to notify investors, media, and
other interested parties that it uses its website
(https://www.corning.com/worldwide/en/about-us/news-events.html) to
publish important information about the company, including
information that may be deemed material to investors, or
supplemental to information contained in this or other press
releases. The list of websites and social media channels that the
company uses may be updated on Corning’s media and website from
time to time. Corning encourages investors, media, and other
interested parties to review the information Corning may publish
through its website and social media channels as described above,
in addition to the company’s SEC filings, press releases,
conference calls, and webcasts.
About Corning IncorporatedCorning
(www.corning.com) is one of the world's leading innovators in
materials science, with a 170-year track record of life-changing
inventions. Corning applies its unparalleled expertise in glass
science, ceramic science, and optical physics along with its deep
manufacturing and engineering capabilities to develop
category-defining products that transform industries and enhance
people's lives. Corning succeeds through sustained investment in
RD&E, a unique combination of material and process innovation,
and deep, trust-based relationships with customers who are global
leaders in their industries. Corning's capabilities are versatile
and synergistic, which allows the company to evolve to meet
changing market needs, while also helping its customers capture new
opportunities in dynamic industries. Today, Corning's markets
include optical communications, mobile consumer electronics,
display, automotive, solar, semiconductors, and life sciences.
Media Relations Contact:Megan Whittemore(202)
661-4171whittemom@corning.com
Investor Relations Contact:Ann H.S. Nicholson
(607) 974-6716 nicholsoas@corning.com
Corning (NYSE:GLW)
Historical Stock Chart
From Aug 2024 to Sep 2024
Corning (NYSE:GLW)
Historical Stock Chart
From Sep 2023 to Sep 2024