Corning Incorporated Announces Quarterly Dividend and Reports Strong First Quarter

Corning Incorporated, a global technology-based company specializing in optical fiber, cable, and photonic components for the telecommunications industry, has announced several developments.

• The company has declared a quarterly dividend of $0.28 per share, consistent with its previous payout.
• Corning has reported a strong first quarter, with significant revenue growth and improved margins, indicating an upward trend.

Leadership Changes

• Eric Musser has retired as President and Chief Operating Officer.
• Strategic senior leadership promotions have been announced.

Expansion of Solar Wafer Manufacturing Capacity

• Corning has expanded its solar wafer manufacturing capacity in Michigan, investing $1.5 billion.
• The expansion has added 400 jobs.

Company Outlook

These developments suggest a positive outlook for the company, with a focus on growth and long-term value creation.