Owens Corning Announces 15% Dividend Increase

Rhea-AI Summary

Owens Corning (NYSE: OC) declares a 15% increase in fourth-quarter cash dividend to $0.60 per common share, payable on January 19, 2024, to shareholders of record as of January 8, 2024.

Positive

• 15% increase in quarterly dividend shows commitment to shareholder value
• Future dividend declarations based on company's earnings and financial condition

Negative

• None.

TOLEDO, Ohio--(BUSINESS WIRE)-- Owens Corning (NYSE: OC) today announced that its Board of Directors has declared a fourth-quarter cash dividend of $0.60 per common share, a 15% increase compared to the prior quarterly dividend. The dividend will be payable on January 19, 2024, to shareholders of record as of January 8, 2024.

Future dividend declarations will be made at the discretion of the Board of Directors and will be based on the company’s earnings, financial condition, cash requirements, future prospects and other factors.

About Owens Corning

Owens Corning is a global building and construction materials leader committed to building a sustainable future through material innovation. Our three integrated businesses – Composites, Insulation, and Roofing – provide durable, sustainable, energy-efficient solutions that leverage our unique material science, manufacturing, and market knowledge to help our customers win and grow. We are global in scope, human in scale with approximately 19,000 employees in 31 countries dedicated to generating value for our customers and shareholders and making a difference in the communities where we work and live. Founded in 1938 and based in Toledo, Ohio, USA, Owens Corning posted 2022 sales of $9.8 billion. For more information, visit www.owenscorning.com.

Owens Corning Company News / Owens Corning Investor Relations News

View source version on businesswire.com: https://www.businesswire.com/news/home/20231207432866/en/

Media Relations:

Todd Romain

419.248.7826

Investor Relations:

Amber Wohlfarth

419.248.5639

Source: Owens Corning

FAQ

What is the latest dividend declared by Owens Corning (NYSE: OC)?

Owens Corning (NYSE: OC) has declared a 15% increase in the fourth-quarter cash dividend to $0.60 per common share.

When will the latest dividend be payable to Owens Corning (NYSE: OC) shareholders?

The dividend will be payable on January 19, 2024, to shareholders of record as of January 8, 2024.

How are future dividend declarations determined by Owens Corning (NYSE: OC)?

Future dividend declarations by Owens Corning (NYSE: OC) will be based on the company’s earnings, financial condition, cash requirements, future prospects, and other factors.