Corning (GLW) Dividend Analyzer Analysis
Corning (GLW) Dividend
The Corning dividend has been paid continuously since 2007 and increased for 5 consecutive years.
GLW is included in the Arbor Dividend Growers / Producers List.
Current Dividend: $0.62
Dividend Yield: 2.1%
Cash Dividend Payout Ratio: 54%
Market Capitalization: 27 B
Enterprise Value 29 B
Industry: Electronic Components
Corning (GLW) is a global technology company concentrating in specialty glass, ceramics and optical physics. Operating in five segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences; GLW provides products for the Aerospace & Defense, Architecture & Design, Automotive, Consumer Electronics, Communications, Life Sciences, and Optics industries.
Dividend Analyzer Checklist
(updated September 2017)
Dividend Safety Score (29/33 points)
Dividend Per Share (ttm): $0.58
Dividend Payout Ratio (ttm): 15%
Cash Dividend Payout Ratio: 41%
Cash From Operations (CFO) Per Share (ttm): $2.61
CFO Dividend Coverage (CFO / DPS): 4.5 (5/6 points)
Free Cash Flow (FCF) Per Share (ttm): $1.46
FCF Dividend Coverage (FCF / DPS): 2.5 (5/6 points)
Net Financial Debt: $-946 M
Total Assets: $28305 M
Net Financial Debt / Total Assets: -3% (11/12 points)
Net Financial Debt to EBITDA (ttm): 71%
Total Liabilities to Assets Ratio (Qtr.): 35%
Piotroski Score (1-9) (TTM): (8/9 points)
Profitability & Growth Score (12/33 points)
Revenue (10 Year Growth) *CAGR > 4.14%: 6.1% (4/4 points)
EPS Basic Cont. Operations (10 Year Growth) CAGR > 4.14%: 11.4% (4/4 points)
Cash From Operations (10 Year Growth) CAGR > 4.14%: 3.4% (0/6 points)
Operating Earnings Yield (ttm): 6.0% (2/7 points)
Net Income (ttm): $4149 M
Gross Profit (ttm): $3939 M
Total Assets: $28305M
Gross Profitability Ratio = GP / Total Assets: 14% (2/12 points)
Cash Return On Invested Capital (CROIC)(tttm): 7%
Return on Invested Capital (ROIC): 18%
Return on Invested Capital (ROIC) (5 Year Median): 8%
Return on Invested Capital (ROIC) (10 Year Median): 11%
Valuation Score (26/34 points)
Free Cash Flow Yield (ttm): 4.0% (4/9 points)
EV to EBIT (ttm): 8.2 (8/9 points)
EV to EBITDA (ttm): 6.1 (8/9 points)
PE10: 16.6 (6/7 points)
Price to Sales Ratio (ttm): 3.3
Price to Book Value (ttm): 1.7
Price to Earnings Ratio (P/E) (ttm): 8.1
TOTAL POINTS – (67/100) (50 is an average score)
*Compound Annual Growth Rate (CAGR)
**A Compound Annual Growth Rate of 4.14% = a 50% gain over 10 years.
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(updated September 2017)
Corning (GLW) is ranked #37 (out of 324) overall and #4 (out of 18) in the Technology Sector by the Dividend Analyzer.
GLW is a sound company with shareholder friendly management. An outstanding balance sheet and attractive valuation makes it a good company to monitor. A upturn in earnings could propel the stock price much higher.
Type of Investor / Recommendation
Large Diversified Dividend Portfolios / Should Be Considered
Looking For Exposure to Technology Sector / Should Be Considered
Deep Value Investors / Watchlist
Portfolio Position Disclosures:
DVB Foundation Portfolio: None
DVB Dividend Growth: None
DVB High Income: None
Arbor Asset Allocation Model Portfolio (AAAMP): None
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