Owens Corning Declares Fourth-Quarter 2017 Dividend
December 07 2017 - 3:30PM
Business Wire
Board of Directors Approves Increase in
Quarterly Cash Dividend to $0.21 per Share
Owens Corning (NYSE: OC) today announced that its Board of
Directors has declared a quarterly cash dividend of $0.21 per
common share, a 5% increase compared with the prior quarterly
dividend. The dividend will be payable on January 17, 2018, to
shareholders of record as of January 2, 2018.
"We’re pleased to demonstrate our commitment to shareholder
value and our confidence in the company’s earnings and cash
generation outlook through another dividend increase,” said
Chairman and Chief Executive Officer Mike Thaman.
Future dividend declarations will be made at the discretion of
the Board of Directors and will be based on such factors as the
company's earnings, financial condition, cash requirements, future
prospects and other factors.
About Owens Corning
Owens Corning (NYSE: OC) develops, manufactures and markets
insulation, roofing and fiberglass composites. Global in scope and
human in scale, the company’s market-leading businesses use their
deep expertise in materials, manufacturing and building science to
develop products and systems that save energy and improve comfort
in commercial and residential buildings. Through its glass
reinforcements business, the company makes thousands of products
lighter, stronger and more durable. Ultimately, Owens Corning
people and products make the world a better place. Based in Toledo,
Ohio, Owens Corning posted 2016 sales of $5.7 billion and employs
about 17,000 people in 33 countries. It has been a Fortune 500®
company for 63 consecutive years. For more information, please
visit www.owenscorning.com.
Owens Corning Investor Relations News
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version on businesswire.com: http://www.businesswire.com/news/home/20171207006177/en/
Owens CorningMedia Inquiries:Chuck Hartlage,
419-248-5395orInvestor Inquiries:Thierry Denis, 419-248-5748
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