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

Loews Corporation (NYSE:L) declared a quarterly dividend on Tuesday, August 4th. Shareholders of record on Wednesday, August 19th will be paid a dividend of 0.0625 per share by the insurance provider on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, August 19th.

Loews Stock Down 0.3%

Shares of NYSE:L opened at $115.94 on Wednesday. The firm has a market cap of $23.86 billion, a PE ratio of 14.73 and a beta of 0.52. The company has a fifty day simple moving average of $111.91 and a 200 day simple moving average of $109.30. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.46. Loews has a 12-month low of $92.25 and a 12-month high of $121.01.

Loews (NYSE:L) last posted its quarterly earnings data on Monday, August 3rd. The insurance provider reported $2.16 EPS for the quarter. The firm had revenue of $4.73 billion for the quarter. Loews had a net margin of 9.02% and a return on equity of 8.66%.

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.