NEW YORK (
) -- The ex-dividend date for
) is tomorrow, May 26, 2011. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $19.52 as of 9:32 a.m. ET, the dividend yield is 1%.
The average volume for Corning has been 13.8 million shares per day over the past 30 days. Corning has a market cap of $30.6 billion and is part of the
industry. Shares are up 1.2% 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 8.9, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
- Practice your dividend trading strategies and win cash in our stock game.
TheStreet Ratings rates Corning as a
. 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, expanding profit margins, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full