NEW YORK (

TheStreet

) -- The ex-dividend date for

Corning Inc

(NYSE:

GLW

) is Monday, August 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $14.01 as of 9:30 a.m. ET, the dividend yield is 1.4%.

The average volume for Corning has been 17.7 million shares per day over the past 30 days. Corning has a market cap of $22.7 billion and is part of the

technology

sector and

electronics

industry. Shares are down 27.4% year to date as of the close of trading on Thursday.

Corning Incorporated manufactures and processes specialty glass and ceramics products worldwide. It operates in five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials, and Life Sciences. The company has a P/E ratio of 6.9, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Corning as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, weak operating cash flow and feeble growth in the company's earnings per share. You can view the full

Corning Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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