OC Announces Second-Quarter Dividend Payment

Owens Corning, the global building and construction materials leader, announced on June 15 that its Board of Directors had declared a quarterly cash dividend of $0.52 per common share. The dividend will be payable on August 4, 2023, to shareholders of record as of July 17, 2023.

The company, listed on the NYSE (OC), closed the week up more than a point after the dividend payment was announced. Markets were closed on Monday, June 19, for the Juneteenth federal bank holiday. OC opened trading on Tues., June 20, up and, at press time, was trading at $124.94 per share, an increase of 2.28%.

The company said future dividend declarations would be made at the discretion of the Board of Directors and based on the company’s earnings, financial condition, cash requirements, future prospects and other factors.

KEYWORDS: 2023 Owens Corning

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Bryan Gottlieb is the online editor at Engineering News-Record (ENR).

Gottlieb is a five-time Society of Professional Journalists Excellence in Journalism award winner with more than a decade of experience covering business, construction, and community issues. He has worked at Adweek, managed a community newsroom in Santa Monica, Calif., and reported on finance, law, and real estate for the San Diego Daily Transcript. He later served as editor-in-chief of the Detroit Metro Times and was managing editor at Roofing Contractor, where he helped shape national industry coverage.

Gottlieb covers breaking news, large-scale infrastructure projects, new products and business.