Here's How Much You Can Expect $10,000 in Corning (GLW) Stock to Pay You in Dividends Next Year
Corning is not the most impressive dividend payer -- but is very impressive (and promising!) in other ways.
Corning (GLW) is a well-established company in the glass, ceramics, and optical fiber industry, supplying products like TV sets, smartphones, telecommunications networks, and data centers. The stock is currently trading around $120 per share and pays a dividend of $0.28 per quarter, totaling $1.12 per share annually. This yields approximately 0.93%.
Assuming you invest $10,000 in Corning, you would own 83 shares at the current price. With each share generating $1.12 in annual dividends, your total dividend income would amount to $93 per year.
While Corning may not be the highest dividend-paying stock, it still warrants consideration. The company has shown consistent performance, with an average annual return of 45 over the past years, though its current price-to-earnings ratio stands at 45, compared to a forward-looking P/E of 25, indicating expected growth.
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