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

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

Loews Stock Up 0.0%

Shares of NYSE:L traded up $0.05 during midday trading on Wednesday, hitting $110.01. 276,136 shares of the company’s stock traded hands, compared to its average volume of 732,881. The firm’s fifty day moving average price is $105.15 and its two-hundred day moving average price is $101.20. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.35 and a current ratio of 0.35. Loews has a twelve month low of $78.98 and a twelve month high of $114.90. The company has a market cap of $22.73 billion, a PE ratio of 13.79 and a beta of 0.61.

Loews (NYSE:L) last released its quarterly earnings data on Monday, February 9th. The insurance provider reported $1.94 EPS for the quarter. Loews had a return on equity of 8.99% and a net margin of 9.03%.The company had revenue of $4.73 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.