Owens Corning Declares Quarterly Cash Dividend for 2025
Owens Corning Declares Quarterly Cash Dividend for 2025
In a significant announcement, Owens Corning (NYSE: OC) has declared a quarterly cash dividend of $0.69 per common share. This decision was made by the company's Board of Directors and reflects the strong financial health of the organization. The dividend is set to be payable on April 10, 2025, for shareholders who are on record as of March 10, 2025.
Future Dividend Insights
The company has indicated that future dividend declarations will be made at the discretion of the Board of Directors. These decisions will be influenced by various factors, including the company’s earnings, financial condition, cash requirements, and future prospects. This strategic approach ensures that dividends are aligned with the overall performance and direction of Owens Corning.
About Owens Corning
Owens Corning is a leading player in the building products industry, emphasizing a commitment to sustainability and innovation. Known for its comprehensive range of products and services, the company operates in four integrated business segments: Roofing, Insulation, Doors, and Composites. Each segment aims to provide durable and energy-efficient solutions that utilize advanced material science and manufacturing techniques.
Company Mission and Vision
With a history dating back to 1938, Owens Corning has grown significantly and now boasts over 25,000 employees operating across 31 countries. The company is dedicated to creating value not only for its customers but also for its shareholders, while actively making a positive impact on the communities where its employees live and work.
Financial Performance Overview
In 2023, Owens Corning achieved remarkable sales totaling $9.7 billion. This strong performance underscores the company’s resilience and strategic management, further encouraging shareholders and potential investors alike.
Frequently Asked Questions
What is the declared dividend amount for 2025?
The declared dividend amount for 2025 is $0.69 per common share.
When will the dividend be paid?
The dividend will be payable on April 10, 2025, to shareholders who are on record as of March 10, 2025.
How does Owens Corning determine future dividend amounts?
Future dividend amounts are determined by the Board of Directors based on various factors, including earnings, financial condition, and cash requirements.
What are the main business segments of Owens Corning?
Owens Corning operates in four main segments: Roofing, Insulation, Doors, and Composites.
What was Owens Corning's sales figure for 2023?
Owens Corning posted sales of $9.7 billion for the year 2023.
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