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

Key Points

• Loews Corporation announced a quarterly dividend of $0.0625 per share, with a record date of August 20th and payment on September 2nd, reflecting an annualized yield of 0.3%.
• Loews stock experienced a 0.5% increase during recent trading, reaching $93.26, while maintaining a strong market capitalization of $19.56 billion.
• Following its recent earnings report, Loews received a rating upgrade from "hold" to "buy" by Wall Street Zen on May 6th.

Loews Corporation (NYSE:L - Get Free Report) announced a quarterly dividend on Tuesday, August 5th, RTT News reports. Investors of record on Wednesday, August 20th will be given a dividend of 0.0625 per share by the insurance provider on Tuesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 0.3%.

Loews Stock Up 0.5%

Shares of Loews stock traded up $0.44 during midday trading on Tuesday, hitting $93.26. The company had a trading volume of 638,020 shares, compared to its average volume of 784,380. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market capitalization of $19.56 billion, a P/E ratio of 15.31 and a beta of 0.70. The company has a 50 day moving average of $90.23 and a 200 day moving average of $87.65. Loews has a 52-week low of $75.16 and a 52-week high of $93.55.

Loews (NYSE:L - Get Free Report) last issued its earnings results on Monday, August 4th. The insurance provider reported $1.87 EPS for the quarter. Loews had a return on equity of 7.43% and a net margin of 7.47%. The business had revenue of $4.56 billion for the quarter.

Analyst Ratings Changes

Separately, Wall Street Zen raised Loews from a "hold" rating to a "buy" rating in a report on Tuesday, May 6th.

About Loews

Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers specialty insurance products, such as management and professional liability, and other coverage products; surety and fidelity bonds; property insurance products that include standard and excess property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liability, and commercial auto, surplus, and umbrella coverages.

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