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The dividend will be payable on January 18, 2017, to shareholders of record as of January 3, 2017. "The dividend increase demonstrates our confidence in the company's financial outlook and cash generation capability, as well as our commitment to enhancing shareholder value," said Chairman and Chief Executive Officer Mike Thaman. Future dividend declarations will be made at the discretion of the Board of Directors and will be based on such factors as the company's earnings, financial condition, cash requirements, future prospects and other factors. About Owens Corning Owens Corning ( OC )

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