Owens Corning Declares Third-Quarter 2017 Dividend
September 21 2017 - 4:30PM
Business Wire
Owens Corning (NYSE: OC) today announced that its Board of
Directors has declared a quarterly cash dividend of $0.20 per
common share. The dividend will be payable on November 2, 2017, to
shareholders of record as of October 16, 2017.
Future dividend declarations will be made at the discretion of
the Board of Directors and will be based on such factors as the
company's earnings, financial condition, cash requirements, future
prospects and other factors.
About Owens Corning
Owens Corning (NYSE: OC) develops, manufactures and markets
insulation, roofing and fiberglass composites. Global in scope and
human in scale, the company’s market-leading businesses use their
deep expertise in materials, manufacturing and building science to
develop products and systems that save energy and improve comfort
in commercial and residential buildings. Through its glass
reinforcements business, the company makes thousands of products
lighter, stronger and more durable. Ultimately, Owens Corning
people and products make the world a better place. Based in Toledo,
Ohio, Owens Corning posted 2016 sales of $5.7 billion and employs
about 17,000 people in 33 countries. It has been a Fortune 500®
company for 63 consecutive years. For more information, please
visit www.owenscorning.com.
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. These forward-looking
statements are subject to risks, uncertainties and other factors
and actual results may differ materially from those results
projected in the statements. These risks, uncertainties and other
factors include, without limitation: relationships with key
customers; levels of residential and commercial construction
activity; competitive and pricing factors; levels of global
industrial production; demand for our products; industry and
economic conditions that affect the market and operating conditions
of our customers, suppliers or lenders; domestic and international
economic and political conditions, including new legislation,
policies or other governmental actions by the U.S. presidential
administration and Congress; foreign exchange and commodity price
fluctuations; our level of indebtedness; weather conditions;
availability and cost of credit; availability and cost of energy
and raw materials; issues involving implementation and protection
of information technology systems; labor disputes; legal and
regulatory proceedings, including litigation and environmental
actions; our ability to utilize our net operating loss
carryforwards; research and development activities and intellectual
property protection; interest rate movements; uninsured losses;
issues related to acquisitions, divestitures and joint ventures;
achievement of expected synergies, cost reductions and/or
productivity improvements; defined benefit plan funding
obligations; price volatility in certain wind energy markets in the
U.S. and, factors detailed from time to time in the company’s
Securities and Exchange Commission filings. The information in this
news release speaks as of September 21, 2017, and is subject to
change. The company does not undertake any duty to update or revise
forward-looking statements except as required by federal securities
laws. Any distribution of this news release after that date is not
intended and should not be construed as updating or confirming such
information.
Owens Corning Investor Relations News
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version on businesswire.com: http://www.businesswire.com/news/home/20170921006102/en/
Owens CorningMedia InquiriesChuck Hartlage, +1
419-248-5395chuck.hartlage@owenscorning.comorInvestor
InquiriesThierry Denis, +1
419-248-5748thierry.j.denis@owenscorning.com
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