Loews Corporation (NYSE:L) Announces Quarterly Dividend of $0.06

Loews Corporation (NYSE:L) announced a quarterly dividend on Tuesday, May 12th. Stockholders of record on Wednesday, May 27th will be paid a dividend of 0.0625 per share by the insurance provider on Tuesday, June 9th. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Wednesday, May 27th.

Loews Price Performance

Shares of Loews stock traded down $0.51 during trading on Wednesday, hitting $103.88. 198,697 shares of the company’s stock traded hands, compared to its average volume of 711,275. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.36 and a quick ratio of 0.36. The firm’s fifty day moving average price is $108.55 and its 200 day moving average price is $106.37. Loews has a twelve month low of $86.77 and a twelve month high of $114.90. The company has a market cap of $21.38 billion, a PE ratio of 13.20 and a beta of 0.56.

Loews (NYSE:L) last issued its earnings results on Monday, May 4th. The insurance provider reported $1.63 earnings per share for the quarter. Loews had a net margin of 8.83% and a return on equity of 8.51%. The business had revenue of $4.56 billion for the quarter.

About Loews

Loews Corporation (NYSE: L) is a diversified holding company that owns and operates businesses across insurance, hospitality, energy-related operations and other industrial and investment activities. The company holds controlling and significant minority interests in subsidiaries that run as standalone businesses, with corporate oversight focused on capital allocation, risk management and long-term value creation for shareholders.

One of Loews’ principal businesses is insurance, conducted through CNA Financial, a commercial property and casualty insurer that underwrites a range of business insurance products for corporate and institutional clients.