NEW YORK (
) -- The ex-dividend date for
) is Tuesday, May 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 $12.81 as of 9:30 a.m. ET, the dividend yield is 2.3%.
The average volume for Corning has been 16.3 million shares per day over the past 30 days. Corning has a market cap of $19.38 billion and is part of the
industry. Shares are down 1.3% year to date as of the close of trading on Thursday.
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 eight, 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
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. 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