"We’re pleased to demonstrate our commitment to shareholder value and our confidence in the company’s earnings and cash generation outlook through another dividend increase"
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC) today announced that its Board of Directors has
declared a quarterly cash dividend of $0.21 per common share, a 5%
increase compared with the prior quarterly dividend. The dividend will
be payable on January 17, 2018, to shareholders of record as of January
"We’re pleased to demonstrate our commitment to shareholder value and
our confidence in the company’s earnings and cash generation outlook
through another dividend increase,” said Chairman and Chief Executive
Officer Mike Thaman.
Future dividend declarations will be made at the discretion of the Board
of Directors and will be based on such factors as the company's
earnings, financial condition, cash requirements, future prospects and
About Owens Corning
Owens Corning (NYSE: OC) develops, manufactures and markets insulation,
roofing and fiberglass composites. Global in scope and human in scale,
the company’s market-leading businesses use their deep expertise in
materials, manufacturing and building science to develop products and
systems that save energy and improve comfort in commercial and
residential buildings. Through its glass reinforcements business, the
company makes thousands of products lighter, stronger and more durable.
Ultimately, Owens Corning people and products make the world a better
place. Based in Toledo, Ohio, Owens Corning posted 2016 sales of $5.7
billion and employs about 17,000 people in 33 countries. It has been a
Fortune 500® company for 63 consecutive years. For more information,
please visit www.owenscorning.com.
Owens Corning Investor Relations News
Owens Corning Media Inquiries: Chuck Hartlage, 419-248-5395 or Investor Inquiries: Thierry Denis, 419-248-5748