Owens Corning Declares Second-Quarter 2021 Dividend

Rhea-AI Summary

Owens Corning (NYSE: OC) has declared a quarterly cash dividend of $0.26 per common share, payable on August 6, 2021, to shareholders of record as of July 16, 2021. Future dividend declarations will depend on the company's earnings, financial condition, cash requirements, and other factors. With 2020 sales of $7.1 billion, Owens Corning is a leader in building and industrial materials, focused on sustainability and innovation.

Positive

• Quarterly cash dividend of $0.26 per share boosts shareholder income.
• Strong sales performance of $7.1 billion in 2020 indicates robust market position.

Negative

• Future dividends are subject to Board discretion, introducing uncertainty for investors.

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 August 6, 2021, to shareholders of record as of July 16, 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 19,000 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 2020 sales of $7.1 billion. Founded in 1938, it has been a Fortune 500^® company for 67 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/20210617005856/en/

FAQ

What is the dividend amount declared by Owens Corning for August 2021?

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

When will the dividend be payable to shareholders?

The dividend will be payable on August 6, 2021.

What is the record date for the Owens Corning dividend?

The record date for the dividend is July 16, 2021.

How often does Owens Corning declare dividends?

Owens Corning declares dividends quarterly, subject to Board discretion.

What factors affect future dividend declarations by Owens Corning?

Future dividends will depend on earnings, financial condition, cash requirements, and other relevant factors.