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Corning Ups the Ante, Again

Corning Tangible Book Value Per Share Chart Corning Tangible Book Value Per Share data by YCharts

The dividend increases portray to me a confident management team, and given the company's free cash flow and prospects, there may be further increases on the horizon. I honestly did not expect the last increase to happen so quickly, but will take it.

So there you have it, a former growth darling that is now being embraced by some in the value community; which may be an investment related example of "one man's trash being another man's treasure."

At the time of publication the author is long GLW.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

Jonathan Heller, CFA, is president of KEJ Financial Advisors, his fee-only financial planning company. Jon spent 17 years at Bloomberg Financial Markets in various roles, from 1989 until 2005. He ran Bloomberg's Equity Fundamental Research Department from 1994 until 1998, when he assumed responsibility for Bloomberg's Equity Data Research Department. In 2001, he joined Bloomberg's Publishing group as senior markets editor and writer for Bloomberg Personal Finance Magazine, and an associate editor and contributor for Bloomberg Markets Magazine. In 2005, he joined SEI Investments as director of investment communications within SEI's Investment Management Unit.

Jon is also the founder of the Cheap Stocks Web site, a site dedicated to deep-value investing. He has an undergraduate degree from Grove City College and an MBA from Rider University, where he has also served on the adjunct faculty; he is also a CFA charter holder.

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