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

Loews Corporation (NYSE:L) declared a quarterly dividend on Tuesday, May 12th. Investors 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) dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Wednesday, May 27th.

Loews Trading Down 0.4%

NYSE L traded down $0.41 during trading on Wednesday, reaching $103.98. 221,241 shares of the stock traded hands, compared to its average volume of 711,624. The firm has a market cap of $21.40 billion, a price-to-earnings ratio of 13.21 and a beta of 0.56. The stock’s 50-day moving average price is $108.55 and its 200 day moving average price is $106.37. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.46. Loews has a fifty-two week low of $86.77 and a fifty-two week high of $114.90.

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

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.