Owens Corning Declares Third-Quarter 2016 Dividend
September 16 2016 - 7:27AM
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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version on businesswire.com: http://www.businesswire.com/news/home/20160916005104/en/
Owens CorningMediaChuck
Hartlage+1-419-248-5395chuck.hartlage@owenscorning.comorInvestorsThierry
Denis+1-419-248-5748thierry.j.denis@owenscorning.com
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