Owens Corning Declares Second-Quarter 2022 Dividend

Rhea-AI Summary

Owens Corning (NYSE: OC) has declared a quarterly cash dividend of $0.35 per common share, set to be paid on August 4, 2022, for shareholders who are on record as of July 18, 2022.

This decision reflects the Board of Directors' discretion, considering the company’s earnings, financial conditions, and future prospects. Owens Corning, founded in 1938, posted 2021 sales of $8.5 billion, emphasizing its commitment to sustainable building and construction materials.

Positive

• Quarterly cash dividend of $0.35 per share enhances shareholder returns.
• Company reported sales of $8.5 billion in 2021, indicating strong revenue 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 $0.35 per common share. The dividend will be payable on August 4, 2022, to shareholders of record as of July 18, 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

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 20,000 employees in 33 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/20220616005911/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 (OC)?

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

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

The dividend will be payable on August 4, 2022.

What is the record date for the Owens Corning (OC) dividend?

The record date for the dividend is July 18, 2022.

How does Owens Corning (OC) determine future dividends?

Future dividends will be determined by the Board of Directors based on the company's earnings, financial condition, and other factors.