GLW Dividend Yield (TTM) data by YCharts
(GLW - Get Report)
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Corning manufactures optical fiber, cable and photonic products for the telecommunications industry and high-performance displays and components for television and other communications-related industries. Corning trades an average of 10 million shares per day with a market cap of $21 billion.
Corning is the clear leader in its space, with the next largest competitor having revenue less than 30% of Corning's.
Corning is essentially a stock you can buy, throw in the back of the drawer and forget about it, only to get reminded you own it four times a year when the dividend check arrives. The dividend is an attractive 2.7%. Unless you think display screens are going the way of the horseless carriage, Corning should have a strong future -- a future that likely belongs in your portfolio.
The stock appreciated 12% in the last year, and the average analyst target price is $16.44. Also, based on the float the short interest is unimportant and not a worry. The small amount of short interest is 2.2%.
GLW Payout Ratio TTM
At the time of publication the author had no position in any of the stocks mentioned.
This article was written by an independent contributor, separate from TheStreet's regular news coverage.