Owens Corning Declares Third-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 November 3, 2022, to shareholders on record as of October 17, 2022. Future dividends will be determined by the Board of Directors based on the company’s earnings, financial condition, and other factors. Owens Corning is a leader in building and construction materials, achieving $8.5 billion in sales for 2021, and is dedicated to sustainable practices and material innovation.

Positive

• Declared a quarterly cash dividend of $0.35 per share.
• Demonstrated a commitment to sustainability and innovation.
• Reported 2021 sales of $8.5 billion, indicating strong financial 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 November 3, 2022, to shareholders of record as of October 17, 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/20220915006095/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 has declared a quarterly 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 November 3, 2022.

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

The record date for the dividend is October 17, 2022.

How often does Owens Corning (OC) declare dividends?

Owens Corning declares dividends quarterly, subject to the Board of Directors' discretion.

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

Future dividend declarations will depend on the company's earnings, financial condition, and cash requirements.