“Corning’s success stems from the Strategy and Capital Allocation Framework introduced in 2015. The Framework defines our leadership priorities from 2016 through 2019. We are focusing our portfolio and utilizing our financial strength to extend our leadership, drive our growth, and reward our shareholders.”
-Wendell P. Weeks, Chairman and Chief Executive Officer
Under the Framework, we target generating $26 to $30 billion in cash through 2019. We plan to return more than $12.5 billion to our shareholders through share repurchases and annual dividend increases of at least 10 percent. We’re also investing $10 billion to extend our leadership and deliver growth.