Corning, Inc. (GLW): Today's pop Corning's (GLW) CEO Wendel...

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Thursday, 06/02/2016 3:47:47 PM

Thursday, June 02, 2016 3:47:47 PM

Today's pop
Corning's (GLW) CEO Wendell Weeks Presents at Sanford C Bernstein Strategic Decisions Conference 2016 (Transcript)

The second priority of the strategy and capital allocation framework is to utilize our financial strength. When we introduced the model we expected to have $22 billion to $26 billion in total funds available. We allocated $10 billion to fund our growth efforts, including RD&E, capital expenditures and M&A. We announced that we would return greater than $10 billion to shareholders, including annual dividend increases of at least 10% and expanded share repurchases.

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