Owens Corning Declares First-Quarter 2022 Dividend

Rhea-AI Summary

Owens Corning (NYSE: OC) has declared a quarterly cash dividend of $0.35 per common share, payable on April 7, 2022. Shareholders of record as of March 4, 2022 will receive this dividend. Future dividends will be determined by the Board of Directors based on the company’s earnings, financial condition, and other relevant factors. Owens Corning, a leader in building materials, reported $7.1 billion in sales for 2020 and operates globally with approximately 19,000 employees.

Positive

• Quarterly cash dividend of $0.35 enhances shareholder income.
• Strong sales of $7.1 billion in 2020 demonstrates financial stability.
• Commitment to future dividends based on sound financial metrics signals company confidence.

Negative

• None.

TOLEDO, Ohio--(BUSINESS WIRE)-- Owens Corning (NYSE: OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.35 per common share. The dividend will be payable on April 7, 2022, to shareholders of record as of March 4, 2022.

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

At Owens Corning, our people and products make the world a better place. We are a global building and construction materials leader helping customers win in the market by providing innovative and sustainable solutions, which leverage our functional design and material science expertise and strong market positions. We are global in scope, with 19,000 employees in 33 countries united in our mission to build a sustainable future through material innovation. And we are human in scale, dedicated to generating value for our customers and shareholders, and making a difference in the communities where our people work and live. Founded in 1938 and based in Toledo, Ohio, USA, Owens Corning posted 2020 sales of $7.1 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/20220203005913/en/

Media Relations:

Todd Romain

419.248.7826

Investor Relations:

Amber Wohlfarth

419.248.5639

Source: Owens Corning

FAQ

What is the dividend amount declared by Owens Corning for April 2022?

Owens Corning has declared a quarterly cash dividend of $0.35 per common share.

When will the Owens Corning dividend be paid?

The dividend will be payable on April 7, 2022.

What is the record date for the Owens Corning dividend?

The record date for the dividend is March 4, 2022.

Are future dividends guaranteed for Owens Corning shareholders?

Future dividends will be declared at the discretion of the Board of Directors based on various financial factors.