Loews Corporation (NYSE:L) Shares Will Pay Quarterly Dividend of $0.06

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

Loews Stock Down 0.5%

L traded down $0.51 during trading hours on Wednesday, hitting $110.42. 25,026 shares of the company’s stock were exchanged, compared to its average volume of 785,485. The stock has a market cap of $22.33 billion, a price-to-earnings ratio of 15.27 and a beta of 0.49. Loews has a 1-year low of $101.08 and a 1-year high of $121.01. The stock’s 50-day moving average is $108.69 and its two-hundred day moving average is $109.61. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.44.

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

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of Loews from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, November 3rd. One research analyst has rated the stock with a Buy rating. According to MarketBeat, the company has an average rating of “Buy”.

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.