Loews Corporation (NYSE:L) Shareholders to Get $0.06 Quarterly Dividend

Loews Corporation (NYSE:L) announced a quarterly dividend on Tuesday, November 10th. Stockholders of record on Wednesday, November 25th will be given a dividend of $0.0625 per share by the insurance provider on Tuesday, December 8th. This represents a $0.25 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Wednesday, November 25th.

Loews Trading Down 0.5%

Shares of L stock traded down $0.51 on Wednesday, reaching $110.42. 25,026 shares of the stock were exchanged, compared to its average volume of 785,485. The stock has a market cap of $22.33 billion, a PE ratio of 15.27 and a beta of 0.49. Loews has a one year low of $101.08 and a one year high of $121.01. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a 50 day moving average price of $108.69 and a 200 day moving average price of $109.61.

Loews (NYSE:L) last issued its quarterly earnings results on Monday, November 2nd. The insurance provider reported $1.50 earnings per share (EPS) for the quarter. The business had revenue of $4.76 billion for the quarter. Loews had a return on equity of 7.60% and a net margin of 7.93%.

Loews Company Profile

Loews Corporation is a diversified holding company with businesses in insurance, energy infrastructure and hospitality. Its subsidiaries operate independently, while Loews provides corporate oversight and capital allocation. CNA Financial provides commercial property and casualty insurance, along with related services, to businesses and organizations. Boardwalk Pipelines operates natural gas pipeline and storage infrastructure, primarily in the United States. Loews Hotels & Co owns and operates hotels and resorts, principally in North America.