Corning (NYSE:GLW) announced its quarterly dividend of 9 cents per share, an increase of about 20% over its prior dividend in August of 7.5 cents. The increase will result in Corning's dividends rising to $0.36 per share on an annual basis. The fourth-quarter dividend will be payable on December 14, 2012 to holders of record November 16, 2012.
Shares are about even in morning trading.
In other dividend news, PNC Financial Services Group (NYSE:PNC) maintained its quarterly dividend of 40 cents per share. CSX Corporation (NASDAQ:CSX) maintained its quarterly dividend of 14 cents per share. Tanger Factory Outlet Centers (NYSE:SKT) maintained its quarterly dividend of 21 cents per share.
Among dividend increases, Phillips 66 (NYSE:PSX) announced a dividend of 25 cents per share, an increase of about 25% over its prior dividend in July of 20 cents.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.