Owens Corning Inc (NYSE:OC) will begin trading ex-dividend on October 19, 2020. The quarterly dividend payment of $ 0.24 per share is scheduled to be paid on November 6, 2020. The dividend yield based on the latest trading day closing price was 1.27 %. Owners of shares, purchased before the ex-dividend date will be eligible for the dividend.
Dividends History
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Owens Corning Inc recently reported second quarter financial results on July 29, 2020, before market open, the Toledo based company posted income for the second quarter of $ 0.88 per share, from the revenue of $ 1,625.00 million. The quarterly earnings reduced 32.82 percent while revenues down 15.28 percent compared with the same quarter last year.
Street analysts expected Owens Corning Inc recently reported second quarter financial results on July 29, 2020, before market open, the Toledo based company to report income of $ 0.20 per share on revenue of $ 1528.18 million for the second quarter. The bottom line results beat street analysts by $ 0.68 or 340.00 percent, at the same time, top line results outshined analysts by $ 96.82 million or 6.34 percent.
Stock Performance
Shares of Owens Corning Inc traded up $ 0.44 or 0.59 percent on Thursday, reaching $ 75.57 with volume of 438.50 thousand shares. Owens Corning Inc has traded high as $ 75.75 and has cracked $ 73.62 on the downward trend
According to the previous trading day, closing price of $ 75.57, representing a 163.06 % increase from the 52 week low of $ 28.56 and a 1.92 % decrease over the 52 week high of $ 76.60.
The company has a market capital of $ 8.16 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.
