Owens Corning Delivers Solid Dividend for Shareholders

Owens Corning Announces Third-Quarter Dividend for 2024

Owens Corning (NYSE: OC) has declared a quarterly cash dividend of $0.60 per common share, demonstrating its commitment to providing value to shareholders. The announcement has garnered positive attention as this dividend is set to be payable on November 4, 2024, to those shareholders who are on record as of October 18, 2024.

Understanding Future Dividend Declarations

The company’s Board of Directors will continue to evaluate future dividend declarations based on several key metrics. These include the company’s overall earnings, current financial condition, cash needs, growth prospects, and various other considerations. This systematic evaluation allows Owens Corning to maintain a responsible approach to capital distribution.

About Owens Corning and Its Vision

Founded in 1938 and headquartered in Toledo, Ohio, Owens Corning is renowned globally for its leadership in the building products sector. The company strives to create a sustainable future through innovative material solutions. With a vast workforce exceeding 25,000 employees across 31 countries, the organization emphasizes durability and energy efficiency in its integrated businesses. These include Roofing, Insulation, Doors, and Composites, all designed to meet the evolving demands of both residential and commercial markets.

Innovative Building Solutions

Owens Corning continues to push the boundaries of material science to deliver cutting-edge products. With its commitment to sustainability, the company aims to help customers thrive while promoting environmental stewardship. The synergy between manufacturing expertise and market knowledge positions Owens Corning at the forefront of the industry.

Owens Corning's Financial Performance

With recorded sales of $9.7 billion in 2023, Owens Corning shows a robust financial foundation, allowing it to reward its shareholders while simultaneously investing in innovation and expansion. This level of sales reflects the company's strong performance and its ability to adapt to market needs with agility and foresight.

Community Impact and Corporate Responsibility

Owens Corning's mission extends beyond the products it manufactures; it also encompasses the commitment to the communities where its employees live and work. By generating value not just for shareholders but also for the greater community, Owens Corning exemplifies corporate responsibility. The initiatives aimed at improving community welfare highlight the firm’s dedication to making a positive impact.

Commitment to Sustainability

As a leader in the building products sector, Owens Corning recognizes the importance of sustainability within its operations. The company is actively involved in developing energy-efficient solutions, ensuring that its products contribute to a greener future. This dedication to sustainable practices positions Owens Corning as a responsible choice for customers seeking long-term value.

Frequently Asked Questions

When is the next Owens Corning dividend payable?

The next dividend of $0.60 per common share is payable on November 4, 2024, to shareholders of record as of October 18, 2024.

What factors does Owens Corning consider for future dividends?

The Board of Directors evaluates dividends based on earnings, financial condition, cash needs, and future growth prospects.

What industries does Owens Corning serve?

Owens Corning serves both residential and commercial markets, focusing on roofing, insulation, doors, and composite products.

How does Owens Corning contribute to sustainability?

Owens Corning is dedicated to developing energy-efficient products and improving sustainable practices across its operations.

What was Owens Corning's sales figure for 2023?

Owens Corning reported sales of $9.7 billion for the year 2023, showcasing its strong financial performance.

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