By the close of today, November 03, 2023, Owens-Corning OC will issue a dividend payout of $0.52 per share, resulting in an annualized dividend yield of 1.52%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on October 13, 2023.
Owens-Corning Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-10-13 | 4 | $0.52 | 1.52% | 2023-09-14 | 2023-10-16 | 2023-11-03 |
| 2023-07-14 | 4 | $0.52 | 1.71% | 2023-06-15 | 2023-07-17 | 2023-08-04 |
| 2023-03-02 | 4 | $0.52 | 2.1% | 2023-02-02 | 2023-03-03 | 2023-04-06 |
| 2023-01-03 | 4 | $0.52 | 2.31% | 2022-12-02 | 2023-01-04 | 2023-01-19 |
| 2022-10-14 | 4 | $0.35 | 1.67% | 2022-09-15 | 2022-10-17 | 2022-11-03 |
| 2022-07-15 | 4 | $0.35 | 1.68% | 2022-06-16 | 2022-07-18 | 2022-08-04 |
| 2022-03-03 | 4 | $0.35 | 1.53% | 2022-02-03 | 2022-03-04 | 2022-04-07 |
| 2022-01-06 | 4 | $0.35 | 1.63% | 2021-12-02 | 2022-01-07 | 2022-01-21 |
| 2021-10-21 | 4 | $0.26 | 1.1% | 2021-09-16 | 2021-10-22 | 2021-11-05 |
| 2021-07-15 | 4 | $0.26 | 1.07% | 2021-06-17 | 2021-07-16 | 2021-08-06 |
| 2021-03-04 | 4 | $0.26 | 1.28% | 2021-02-04 | 2021-03-05 | 2021-04-02 |
| 2021-01-07 | 4 | $0.26 | 1.44% | 2020-12-03 | 2021-01-08 | 2021-01-22 |
With a dividend yield that places it neither at the top nor the bottom, Owens-Corning finds itself in the middle among its industry peers, while Johnson Controls Intl JCI boasts the highest annualized dividend yield at 2.91%.
Analyzing Owens-Corning Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
As you can see, from 2019 to 2022, investors saw an average increase in the company's dividend per share, rising from $0.90 in 2019 to $1.57 in 2022. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For Owens-Corning
The earnings chart above shows that from 2019 to 2022, Owens-Corning has experienced an increase in their earnings from $4.86 per share to $12.44 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.
Recap
In this article, we explore the recent dividend payout of Owens-Corning and its significance for shareholders. The company has decided to distribute a dividend of $0.52 per share today, which equates to an annualized dividend yield of 1.52%.
With a dividend yield that places it neither at the top nor the bottom, Owens-Corning finds itself in the middle among its industry peers, while Johnson Controls Intl boasts the highest annualized dividend yield at 2.91%.
Given that Owens-Corning has experienced an increase in dividend per share from 2019 to 2022 along with an increase in earnings per share, it could signal that the company is in good financial standing and that they could be positioned to continue distributing their profits back to their investors.
Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.
\To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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