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Corning Inc. Message Board

  • stockmun stockmun Jan 26, 2011 1:34 PM Flag

    They will have to raise the dividend now

    Before you start dissing the idea, I wrote on this stock last year about the idea of copying Intel's brilliant idea of Intel Inside and how they went direct to the consumer and how Corning needed to do that with Gorilla Glass. Now I read today that they have that underway, looked at a sample of their ad and it was pretty uninteresting but still, there you go.
    Now I believe that they will have to raise their dividend because a dividend under 1% really starts to look silly.
    I wrote at length last year here about looking to stabilize the stock holder base by increasing the dividend and attracting more very longs to the stock. I advocated an increase, nothing that jeopardizes the health of the company, nothing that digs into the reported 4-7 billion in cash, nothing that stops R&D.
    I would rather see them raise the dividend to 15 cents a quarter, or 60 cents a year for 2011 rather than a single payout. That would be 2-3% depending on where the share price goes. That my friends imo would be a smart move.
    Let's see what they do now with the dividend as they stare at a huge year coming... imo

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