Owens Corning Declares First-Quarter 2023 Dividend

Rhea-AI Summary

Owens Corning (NYSE: OC) declared a quarterly cash dividend of $0.52 per common share, payable on April 6, 2023, to shareholders on record as of March 3, 2023. This decision reflects the company's commitment to returning value to its shareholders. Future dividends will depend on the company's earnings, financial conditions, cash requirements, and other relevant factors. Owens Corning, a leader in building and construction materials, reported $8.5 billion in sales for 2021, operating three integrated businesses focused on sustainability and energy efficiency, employing around 19,000 people across 31 countries.

Positive

• Quarterly cash dividend of $0.52 per share enhances shareholder value.
• Strong 2021 sales of $8.5 billion reflect solid business performance.

Negative

• None.

TOLEDO, Ohio--(BUSINESS WIRE)-- Owens Corning (NYSE: OC) today announced that its Board of Directors has declared a quarterly cash dividend of $0.52 per common share. The dividend will be payable on April 6, 2023, to shareholders of record as of March 3, 2023.

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 2021 sales of $8.5 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/20230202005875/en/

Media Relations:

Todd Romain

419.248.7826

Investor Relations:

Amber Wohlfarth

419.248.5639

Source: Owens Corning

FAQ

What is the dividend amount for Owens Corning in 2023?

Owens Corning declared a dividend of $0.52 per common share.

When will the Owens Corning dividend be paid?

The dividend will be payable on April 6, 2023.

When is the record date for the Owens Corning dividend?

The record date for the dividend is March 3, 2023.

How often does Owens Corning pay dividends?

Owens Corning pays dividends quarterly, subject to Board approval.

What factors influence Owens Corning's future dividend declarations?

Future dividend declarations depend on earnings, financial condition, cash requirements, and other factors.