LOEWS CORPORATION ANNOUNCES QUARTERLY DIVIDEND ON COMMON STOCK

(Neutral)

Rhea-AI Summary

Loews Corporation (NYSE: L) declared a quarterly dividend of $0.0625 per share, payable on March 8, 2022. Shareholders of record as of February 23, 2022 will be eligible for this payment. Loews Corporation operates across various sectors including insurance, energy, hospitality, and packaging, showcasing its diversified business model.

Positive

Quarterly dividend of $0.0625 per share boosts income for shareholders.
Demonstrates company confidence in financial stability.

Negative

None.

News Market Reaction – L

+1.51%

+1.51% Session move

In the trading session that priced this news, L gained 1.51%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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02/08/2022 - 11:22 AM

NEW YORK, Feb. 8, 2022 /PRNewswire/ -- Loews Corporation (NYSE: L) announced today the declaration of the Company's quarterly dividend of $0.0625 per share of Common Stock, payable March 8, 2022 to shareholders of record as of the close of business on February 23, 2022.

Loews Corporation is a diversified company with businesses in the insurance, energy, hospitality, and packaging industries. For more information please visit www.loews.com.

View original content:https://www.prnewswire.com/news-releases/loews-corporation-announces-quarterly-dividend-on-common-stock-301477808.html

SOURCE Loews Corporation

FAQ

What is the dividend amount announced by Loews Corporation?

Loews Corporation announced a quarterly dividend of $0.0625 per share.

When will the dividend be paid?

The dividend will be paid on March 8, 2022.

What is the record date for the dividend?

The record date for the dividend is February 23, 2022.

How often does Loews Corporation pay dividends?

Loews Corporation typically pays dividends on a quarterly basis.

What industries does Loews Corporation operate in?

Loews Corporation operates in insurance, energy, hospitality, and packaging industries.