Owens-Corning Delivers Strong Performance and Growing Profits, Elevating Investor Returns
Portfolio Pulse from Benzinga Insights
Owens-Corning (NYSE:OC) will distribute a dividend payout of $0.52 per share on August 04, 2023, equating to an annualized dividend yield of 1.71%. The company has shown a notable growth in its dividend per share from $0.90 to $1.57 between 2019 and 2022. Additionally, its earnings per share have increased from $4.86 to $12.44 during the same period. The company's dividend yield is in the middle when compared to its industry peers, with Johnson Controls Intl (NYSE:JCI) having the highest annualized dividend yield at 2.39%.

August 04, 2023 | 3:44 pm
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NEUTRAL IMPACT
Johnson Controls Intl has the highest annualized dividend yield at 2.39% among its industry peers.
While Johnson Controls Intl has the highest annualized dividend yield among its peers, the news does not provide any specific information about the company's financial performance or future plans. Therefore, the impact on the company's stock price is neutral in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Owens-Corning's dividend and earnings per share have shown notable growth from 2019 to 2022, indicating a healthy financial status. The company's dividend yield is in the middle when compared to its industry peers.
The increase in Owens-Corning's dividend and earnings per share indicates a healthy financial status, which is likely to attract income-seeking investors. This could potentially lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100