Image Source: UnsplashCorning Incorporated (GLW) is a leader in materials science, specializing in the production of glass, ceramics, and optical fiber.The firm supplies products for a wide range of applications, from flat-panel displays in televisions to gasoline particulate filters in automobiles to optical fiber for broadband access, with a leading share in many of its end markets.Corning Incorporated was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989.The company was founded in 1851 and is headquartered in Corning, New York.Three key data points gauge Corning Incorporated or any dividend-paying firm.The key three are:(1) Price(2) Dividends(3) ReturnsThose three basic keys best tell whether any company has made, is making, and will make money.GLW PriceOver the past year, Corning’s share price fell about 17% from $32.49 to $26.75 as of Tuesday’s market close.If Corning’s stock trades in the range of $20.00 to $40.00 this next year, its recent $26.75 share price might rise to $30.00 by next year. Of course, Corning’s price could drop about the same $3.25 estimated amount or more.My upside estimate of $3.25, however, is about $3.25 lower than the median of one-year target prices from twelve analysts tracking Corning for brokers.GLW DividendCorning Inc has paid general annually increasing quarterly dividends since January 2, 1989.  GLW’s most recent Q dividend, payable December 15 to shareholders of record November 16th is $0.28That Q dividend measures up to $1.12 annually for a forward looking yield of 4.19%.GLW ReturnsAdd the $1.12 anticipated annual dividend to Corning’s estimated $3.25 possible price upside, reveals a $4.37 estimated gross gain per share for the coming year.At Monday’s $26.75 closing price, a little under $1000 would buy 37 shares.A $10 broker fee (if charged), paid half at purchase and half at sale, might cost us about $0.27 per share.Subtracting that likely $0.27 brokerage cost from my $4.37 estimated gross gain per share makes a net gain of $4.10 X 37 shares = $151.70 or about a 15.25% net gain.This could be the time to pounce on Corning Inc shares. And beware, GLW, is a large cap NewYork  Electronic Components firm. Furthermore, the estimated $41.90 annual dividend from $1000 invested comes in at almost 1.6 times greater than the recent $26.75 single share price.  The question is really, what happens next to the Corning dividend payout and price?Remember the true value of any stock is best realized through personal ownership of shares.More By This Author:Current Analysis: Evertz Technologies (EVTZF)
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