Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK (

TheStreet

) -- The ex-dividend date for

Corning

(NYSE:

GLW

) is tomorrow, August 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $11.58 as of 9:30 a.m. ET, the dividend yield is 2.6%.

The average volume for Corning has been 12.9 million shares per day over the past 30 days. Corning has a market cap of $17.15 billion and is part of the

technology

sector and

electronics

industry. Shares are down 10.7% year to date as of the close of trading on Monday.

Corning Incorporated produces specialty glasses, ceramics, and related materials worldwide. The company operates in five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials, and Life Sciences. The company has a P/E ratio of 8.1, 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 largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full

Corning Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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