Owens Corning Inc (NYSE:OC) will begin trading ex-dividend on July 15, 2020. The 2Q20 dividend payment of $ 0.24 per share is scheduled to be paid on August 7, 2020. Shareholders who purchased OC prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Recent Earnings Announcement
Owens Corning Inc announced income for the first quarter of $ 0.60 per share, from the revenue of $ 1,601.00 million. The quarterly earnings swell 11.11 percent compared with the same quarter last year. Street analysts expected Owens Corning Inc to report income of $ 0.54 per share on revenue of $ 1638.52 million for the first quarter. The bottom line results beat street analysts by $ 0.06 or 11.11 percent, at the same time, top line results fell short of analysts by $ 37.52 million or 2.29 percent.
Stock Performance
According to the previous trading day, closing price of OC was $ 57.00, representing a 99.58 % increase from the 52 week low of $ 28.56 and a 17.05 % decrease over the 52 week high of $ 68.72.
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The company has a market capital of $ 6.15 billion and is part of the Basic Materials sector and Building Materials industry.
Owens Corning, together with its subsidiaries, produces and sells glass fiber reinforcements and other materials for composites; and residential, commercial, and industrial building materials worldwide. It operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and manufactures and sells glass fiber products in the form of fabrics, non-wovens, and other specialized products.
