Corning Incorporated Announces Increased Dividend And $1.5 Billion Stock Buyback

Corning Incorporated announced that it has declared a 50% increase in the Company’s quarterly common stock dividend. Corning’s quarterly dividend will rise to $0.075 per share of common stock held, versus $0.05 per share previously. The fourth quarter dividend will be payable on December 16, 2011 to holders of record November 16, 2011. The Board also authorized a stock repurchase program for purchasing up to $1.5 billion of the Company’s common stock from time to time through open market or private transactions. The stock repurchase authorization expires at the end of 2013.