TOLEDO, Ohio--(BUSINESS WIRE)--
Owens Corning (NYSE: OC) today announced that its Board of Directors has
declared a quarterly cash dividend of $0.18 per common share. The
dividend will be payable on August 2, 2016, to shareholders of record as
of July 18, 2016.
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 2015 sales of $5.4
billion and employs about 16,000 people in 25 countries. It has been a
Fortune 500® company for 62 consecutive years. For more
information, please visit www.owenscorning.com.
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. These forward-looking statements
are subject to risks, uncertainties and other factors that may cause
actual results to differ materially from those projected in these
statements. Such factors include, without limitation: relationships with
key customers; economic and political conditions, including levels of
residential and commercial construction activity; competitive and
pricing factors; levels of global industrial production; demand for our
products; industry and economic conditions that affect the market and
operating conditions of our customers, suppliers or lenders; foreign
exchange and commodity price fluctuations; our level of indebtedness;
weather conditions; availability and cost of credit; availability and
cost of energy and raw materials; issues involving implementation of new
business systems; domestic and international economic and political
conditions including new legislation or other governmental actions; our
ability to use our net operating loss carry forwards; research and
development activities and intellectual property protection; interest
rate movements; labor disputes and litigation; uninsured losses; issues
related to acquisitions, divestitures and joint ventures; achievement of
expected synergies, cost reductions and/or productivity improvements;
defined benefit plan funding obligations; and, factors detailed from
time to time in the company’s Securities and Exchange Commission
filings. The information in this news release speaks as of June 16,
2016, and is subject to change. The company does not undertake any duty
to update or revise forward-looking statements except as required by
federal securities laws. Any distribution of this news release after
that date is not intended and should not be construed as updating or
confirming such information.
Owens Corning Investor Relations News
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Source: Owens Corning