Owens Corning Declares First-Quarter 2021 Dividend

Rhea-AI Summary

Owens Corning (NYSE: OC) has declared a quarterly cash dividend of $0.26 per common share, payable on April 2, 2021, to shareholders of record as of March 5, 2021. The Board will determine future dividends based on the company’s earnings, financial health, cash needs, and other considerations. In 2019, Owens Corning achieved $7.2 billion in sales, reflecting its status as a leader in building and industrial materials, supported by a workforce of 18,000 in 33 countries.

Positive

• Quarterly cash dividend of $0.26 per common share announced.
• Strong 2019 sales of $7.2 billion, indicating robust business performance.
• Long-standing presence as a Fortune 500 company for 66 consecutive years.

Negative

• None.

Owens Corning (NYSE: OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.26 per common share. The dividend will be payable on April 2, 2021, to shareholders of record as of March 5, 2021.

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 is a global building and industrial materials leader. The company’s three integrated businesses are dedicated to the manufacture and advancement of a broad range of insulation, roofing and fiberglass composite materials. Leveraging the talents of 18,000 employees in 33 countries, Owens Corning provides innovative products and sustainable solutions that address energy efficiency, product safety, renewable energy, durable infrastructure, and labor productivity. These solutions provide a material difference to the company’s customers and make the world a better place. Based in Toledo, Ohio, USA, the company posted 2019 sales of $7.2 billion. Founded in 1938, it has been a Fortune 500^® company for 66 consecutive years. For more information, please 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/20210204005921/en/

FAQ

What is the dividend amount for Owens Corning (OC) in 2021?

Owens Corning has declared a quarterly cash dividend of $0.26 per common share.

When will the Owens Corning (OC) dividend be paid?

The dividend will be payable on April 2, 2021, to shareholders of record as of March 5, 2021.

How often does Owens Corning (OC) declare dividends?

Dividends are declared quarterly, with future declarations subject to Board discretion.

What factors influence Owens Corning's (OC) dividend announcements?

Future dividend declarations depend on the company’s earnings, financial condition, cash needs, and other factors.