NEW YORK (
) -- The ex-dividend date for
) is tomorrow, February 24, 2011. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $22.58 as of 9:32 a.m. ET, the dividend yield is 0.9%.
The average volume for Corning has been 14.2 million shares per day over the past 30 days. Corning has a market cap of $36.4 billion and is part of the
industry. Shares are up 17% year to date as of the close of trading on Tuesday.
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 10.3, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 23.2.
TheStreet Ratings rates Corning as buy. 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, notable return on equity, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full