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 November 2, 2016, to shareholders of record
as of October 17, 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 and actual results
may differ materially from those results projected in the statements.
These risks, uncertainties and other factors include, without
limitation: relationships with key customers; 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 and protection
of information technology systems; domestic and international economic
and political conditions, including new legislation or other
governmental actions; our ability to utilize our net operating loss
carry forwards; research and development activities and intellectual
property protection; interest rate movements; labor disputes; legal and
regulatory proceedings, including litigation and environmental actions;
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 September 15, 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