“The Board of Directors at Corning Inc. (NYSE:GLW) announced a 20 percent increase in the company’s quarterly common stock
dividend today. The move allows Corning to repay a portion of cash flow to its investors and improve their total shareholder return, something Chief Executive and President Wendell P. Weeks called a priority.
“Corning continues to generate strong cash flow from all our businesses and we have done so for some time now,” Weeks said. “We believe our operating cash flow generation will continue, and combined with lower capital spending, give the company more financial flexibility.”
