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Corning (GLW) Dividend Analyzer Analysis

by | Dividend Stock Analysis

Corning (GLW) Dividend

(updated 12/08/2017)

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.

Price: $32.36
Current Dividend: $0.62

Dividend Yield: 1.9%
Cash Dividend Payout Ratio: 67%

Market Capitalization: 28 B
Enterprise Value 31 B


Sector: Technology
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 November 2017)

Dividend Safety Score (20/33 points)

Dividend Payout Ratio (ttm):  26%
Cash Dividend Payout Ratio: 67%  (6/12 points)
Dividend Per Share (ttm):   $0.60
Cash From Operations (CFO) Per Share (ttm): $2.50
Free Cash Flow (FCF) Per Share (ttm): $0.96
Net Financial Debt: $780 M
Total Assets: $27830 M
Net Financial Debt / Total Assets:  3% (10/12 points)
Net Financial Debt to EBITDA (ttm):  85%
Piotroski Score (1-9) (TTM): (4/9 points)

Profitability Score (10/33 points)

Operating Earnings Yield (ttm):  5.3%  (6/15 points) 
Net Income (ttm): $2381 M
Gross Profit (ttm): $3973 M
Total Assets: $27830
Gross Profitability Ratio = GP / Total Assets: 14% (4/12 points)
Cash Return On Invested Capital (CROIC)(tttm): 5%
Return on Invested Capital (ROIC): 11%

Valuation Score (22/34 points)

Free Cash Flow Yield (ttm): 3.0% (7/17 points)
EV to EBIT (ttm): 8.4
EV to EBITDA (ttm): 6.4  (15/17 points)
Price to Sales Ratio (ttm): 3.2
Price to Book Value (ttm): 1.8
Price to Earnings Ratio (P/E) (ttm):  14
PE 10: 17

TOTAL POINTS – (52/100) (50 is an average score)

Earnings Report: 10/25/17

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(updated November 2017)

Corning (GLW) is ranked #139 (out of 377) overall and #10 (out of 20) in the Technology Sector by the Dividend Analyzer.


Type of Investor / Recommendation

Large Diversified Dividend Portfolios / Can Be Considered
Looking For Exposure to Technology Sector /  Can 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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Disclaimer: While Arbor Investment Planner has used reasonable efforts to obtain information from reliable sources, we make no representations or warranties as to the accuracy, reliability, or completeness of third-party information presented herein. The sole purpose of this analysis is information. Nothing presented herein is, or is intended to constitute investment advice. Consult your financial advisor before making investment decisions.
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