The ex-dividend date for Corning (NYSE:GLW) is tomorrow, November 14, 2012. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $11.20 as of 9:30 a.m., the dividend yield is 3.2%.
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, November 14, 2012. Owners of shares as of market close today will be eligible for a dividend of 9 cents per share. At a price of $11.20 as of 9:30 a.m. ET, the dividend yield is 3.2%. The average volume for Corning has been 13.8 million shares per day over the past 30 days. Corning has a market cap of $16.76 billion and is part of the technology sector and electronics industry. Shares are down 12.6% 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 nine, 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 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 Corning Ratings Report. See our dividend calendar or top-yielding stocks list. FREE for a limited time only: Get TheStreet Ratings #1 Stock Report NOW!.