Corning Stock To Go Ex-dividend Tomorrow (GLW)

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, May 29, 2013. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $15.78 as of 9:31 a.m. ET, the dividend yield is 2.6%.

The average volume for Corning has been 13.5 million shares per day over the past 30 days. Corning has a market cap of $23.1 billion and is part of the technology sector and electronics industry. Shares are up 24.1% year to date as of the close of trading on Friday.

Corning Incorporated produces and sells specialty glasses, ceramics, and related materials worldwide. It operates through five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials, and Life Sciences. The company has a P/E ratio of 13.4, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Corning as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Corning Ratings Report.

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