Owens Corning announced yesterday that its Board of Directors had declared a quarterly cash dividend of $0.52 per common share. The dividend will be payable on November 3, 2023, to shareholders of record as of October 16, 2023.
Future dividend declarations will be made at the discretion of the Board of Directors and will be based on the company’s earnings, financial condition, cash requirements, future prospects and other factors.
For the second quarter of 2023, OC saw its price-per-share increase by more than 7%. On June 1, OC shares closed at $108.21; on August 31, shares closed at 143.91.
According to Yahoo Finance, the company has paid $0.52 per common share in dividends since the beginning of 2023; previous dividend checks in 2022 were cut in the amount of $0.35 per common share.
For more information, visit owenscorning.com.