Dividend Growth of Owens Corning Inc(OC)

Owens Corning Inc(OC) is having a Dividend Yield of 1.39% with the Annual cash Dividend per share of $0.74. The last quarter cash dividend per share pay out was $0.38. Owens Corning Inc has a 5 year average dividend yield of 0.9% and the stock has a Indicated annual dividend of $0.8. Owens Corning Inc(OC) formally announced its most recent dividend on February 3, 2017 with a Dividend per share of $0.2. The new indicated annual dividend based on announced dividend per share is $0.8. The dividend yield based on the forward looking indicated annual dividend is 1.39%. Owens Corning Inc(OC) has the most recent dividend payout ratio of 0.22 with a 5-year average payout ratio of 0.18. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.04. The 5 year historical dividend growth of Owens Corning Inc(OC) is at the rate of 7.14% while the R-Squared dividend growth is 0.85. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Owens Corning Inc (NYSE:OC) witnessed a decline in the market cap on Thursday as its shares dropped 0.47% or 0.27 points. After the session commenced at $57.25, the stock reached the higher end at $57.89 while it hit a low of $56.92. With the volume soaring to 834,367 shares, the last trade was called at $57.22. The company has a 52-week high of $58.69. The company has a market cap of $6,431 million and there are 112,389,347 shares in outstanding. The 52-week low of the share price is $39.98. Shares of Owens Corning rose by 0.85% in the last five trading days and 8.37% for the last 4 weeks. Owens Corning is up 11.08% in the last 3-month period. Year-to-Date the stock performance stands at 10.98%.

Currently the company Insiders own 2% of Owens Corning Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -5.92% . During last six month period, the net percent change held by insiders has seen a change of -6.49%. Company has reported several Insider transactions to the SEC, on Dec 13, 2016, Michael H Thaman (Chairman, President and CEO) sold 226,400 shares at 55.44 per share price.On Sep 1, 2016, Arnaud Genis (Group Pres Composite Materials) sold 66,619 shares at 54.68 per share price.On Aug 24, 2016, Kelly Schmidt (Vice President, Controller) sold 13,200 shares at 54.41 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Owens Corning was Initiated by Barclays on Jan 6, 2017 to Equal Weight, Price Target of the shares are set at $54.Owens Corning was Upgraded by KeyBanc Capital Mkts to Overweight on Jan 5, 2017. Owens Corning was Initiated by Macquarie to Underperform on Dec 16, 2016. Owens Corning was Initiated by Seaport Global Securities on Dec 7, 2016 to Buy, Price Target of the shares are set at $61.

Owens Corning Last issued its quarterly earnings results on Feb 8, 2017. The company reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.12. Analyst had a consensus of $0.60. The company had revenue of $1383.00 million for the quarter, compared to analysts expectations of $1307.24 million. The companys revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

Owens Corning is a world leader in building materials systems and composite solutions. Owens Corning people redefine what is possible each day to deliver high-quality products and services ranging from insulation, roofing, siding and stone, to glass composite materials used in transportation, electronics, telecommunications and other high-performance applications. Owens Corning has become a market-leading innovator of glass-fiber technology with sales.


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