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.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- Enhancing Regional Collaboration for Quality Development
- DZYNE Technologies and Romanian Defense Forge New Paths Together
- Eaton Vance Sees 52-Week High: Strong Performance Insights
- Bernstein Reaffirms Target Price for Nintendo amidst Challenges
- Exploring Recent Insider Transactions at Oxford Industries
- Virginia Credit Union Secures Grant for Financial Empowerment Program
- Financial Performance Update for Octopus Future Generations VCT
- Horizon Bancorp Prepares for Q3 Financial Results Discussion
- Meta Platforms: Analyzing Its Standing in the Interactive Media Sector
- Analyzing Amazon.com: Performance Insights and Comparison
Recent Articles
- European Psychedelics Reform Initiative Aims for Major Change
- Territorial Bancorp Confirms Commitment to Hope Bancorp Merger
- Orion S.A. Announces Noteworthy Interim Dividend for Shareholders
- Territorial Bancorp Is Poised for Growth with Hope Merger
- Supernus Pharmaceuticals Engages in Key Neuropsychiatry Event
- Excelerate Energy Partners with Wärtsilä for Eco-Friendly Retrofit
- Supernus Pharmaceuticals Showcases Commitment at Neuropsychiatry Summit
- Chewy, Inc. Launches Offering of Class A Common Stock
- Exploring Recent Trends and Opportunities in the Cannabis Market
- Insights on Corporación América Airports S.A. August Traffic Stats
- Unraveling the Recent Options Movements of Carnival Cruise Line
- What Investors Should Know About Marathon Petroleum's Options Activity
- Overview of KBRA's Ratings for OBX 2024-NQM14 Trust
- Director Johnson Amal M Transacts $2.3 Million in Essex Trust Shares
- Exploring Morgan Stanley's Recent Substantial Options Activity
- Geospace Technologies Transforms Business Structure for Growth
- National Association of Realtors Launches Consumer Guides
- Korea Fund Concludes Tender Offer with Notable Share Results
- Market Updates: Brazil Bovespa Experiences Decline Amid Losses
- First Mining Gold's Strategic Financing to Accelerate Growth
- Explore Insights from AM Best’s Latest Surplus Lines Webinar
- FedEx Faces Revenue and EPS Miss in Challenging Q1 Results
- ARS Pharmaceuticals' Recent Stock Activity and Future Prospects
- Lennar Corporation's Impressive Q3 Performance Review 2024
- Canada's Stock Market Shows Positive Trends with TSX Gains
- Innovative Employee Incentives Announced at Nevro Corp.
- YHN Partners I Ltd Expands Stake in YHN Acquisition I Ltd
- FMC Corporation Schedules Q3 Earnings Release and Call
- Adobe CFO Daniel Durn Makes Noteworthy Stock Sale Decisions
- Kroger Co. Board Announces Impressive Quarterly Dividend Update
- Delta Air Lines Announces Quarterly Dividend for Investors
- Anticipated Shift in Fed's Monetary Policy: Insights from BofA
- Lennar Achieves Record Performance in Q3 2024
- John Hancock Preferred Income II Stock Reaches New Heights
- Preformed Line Products Declares Quarterly Dividend for Shareholders
- Celsius Holdings Welcomes Hans Melotte to Leadership Team
- Danaher Announces Upcoming Earnings Conference Details
- Celebrating IGT's Shondra DeLoach-Perea: A Gaming Leader
- Millicom Appoints Maxime Lombardini as Interim Chair
- Everlight Solar Celebrates Recognition for Employee Happiness
- Sinclair Broadcast Group Sees Upward Shift in Q3 Ad Revenue
- Saul Centers Announces Stable Quarterly Dividend Declaration
- Kopin Corporation's Strategic Moves and Stock Market Plans Revealed
- Macy's Plans Major Holiday Hiring to Meet Customer Demand
- Viking's Unique Coastal Voyages in China Highlight Expansion
- Ameris Bancorp's Commitment to Shareholders: Dividend Insights
- Elliott Hill Steps Into Role as Nike's New CEO
- TechnipFMC Gains Major Petrobras Contracts Amid Positive Outlook
- Federal Reserve's Rate Cut: Understanding the Dissenting Voices
- Navigating Interest Rates: Best Stocks to Consider Now