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Corning board approves $5 billion share buyback

Ciara Linnane

Corning Inc. said Wednesday its board has approved a stock buyback program of up to $5 billion. The company, which makes glass products for a range of industries, said the board has also declared a quarterly dividend of 20 cents a share. The dividend will be payable Sept. 30 to shareholders of record s of Aug. 30. The company said the shareholder rewards are part of a Strategy and Growth Framework announced at an investor meeting last month. Shares were down 1.1%, but have gained 9.1% in 2019, while the S&P 500 has gained 19.8%.