Owens Corning announced that its Board of Directors has declared a quarterly cash dividend of $0.35 per common share, a 35% increase compared with the prior quarterly dividend.
The dividend will be payable on Jan. 21, 2022, to shareholders of record as of Jan. 7, 2022.
“Owens Corning has delivered outstanding results and continued strong cash flow generation,” Chair and CEO Brian Chambers said. “The dividend increase demonstrates our confidence in the earnings power of the company, as well as our commitment to returning cash to shareholders over time.”
Future dividend declarations will be made at the discretion of the Board of Directors and will be based on the company’s earnings, financial condition, cash requirements, future prospects and other factors.