A portfolio of stocks I've been building since September 3, 2019, named Volio, will eventually hold 52 dividend dogs. Volio is the fifth portfolio I've built (at a one dividend dog per-week pace) since 2014. Five portfolios = V for Volio!

Today I'm reviewing the second of five technology sector stocks striving to join my Volio folio. This could be my thirty-first pick for Volio!

That technology sector includes nineteen industries ranging from communication equipment, computers, consumer electronics, and contract manufacturing, to health, information technology and services, to internet, scientific instruments, software, solar, and all such techno-marvels.

My subject today is a large-cap electronic components company named, Corning Inc. Their trading ticker symbol is GLW. This is my fourth report on  Corning Inc. Most recently you heard me describe this outfit last month on February 13th.

Corning is a leading supplier of advanced glass substrates used in LCDs, optical fiber, ceramic substrates, and a variety of other materials science products. Corning operates in five segments: display technologies, optical communications, environmental technologies, specialty materials, and life sciences. Although headquartered in New York, the company’s operations and geographic reach span the globe, with most of Corning’s revenue generated in Asia-Pacific.

The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.

I use three key data points to gauge dividend equities or funds like Corning Inc:

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest, or not.

Those three basic keys, however, best tell whether a company has made, is making, and will make money.

GLW Price

Corning's price per share closed at $21.00 yesterday. A year ago their price was $33.10. Thus, in the past year, their market price dropped $11.90 or almost 36%.

Assuming Infosys's stock trades in the range of $15 to $130 this next year, its recent $21.00 price might rise by $3.50 to reach $24.50  by March 30, 2021, assuming upward price momentum continues.

GLW Dividends

Corning's last declared quarterly dividend was $0.22 paid today March 31st. That $0.22 Q dividend projects an annual payout of $0.88 to yield 4.19% at yesterday's $21.00 share price.

GLW Gains?

Adding the $0.88 annual estimated dividend to my $3.50 estimate of Corning Inc price upside shows a $4.38 potential gross gain, per share, which will be reduced by any costs to trade those shares.

So when we put a little over $1,000.00 today in Corning Inc at its recent $21.00 share price, we'd buy 48 shares of GLW.

A $10 broker fee paid half at purchase and half at sale could cost us  $0.21 per share.

Subtract that $0.21 brokerage cost from my estimated $4.38 gross gain per share results in a net gain of $4.17 X 48 shares = $200.16 or a 20% net gain on a $1,008.00 investment.

Therefore, Corning Inc, whose trading ticker symbol is GLW shows a possible 20% net gain including a 4.19% dividend yield. It could be more, it could be less.   

The above speculation is based on past performance and supposition. Only time and money invested will tell if Corning Inc is worth the expenditure.