LOEWS CORPORATION ANNOUNCES QUARTERLY DIVIDEND ON COMMON STOCK

Rhea-AI Summary

On February 7, 2023, Loews Corporation (NYSE: L) declared its quarterly dividend of $0.0625 per share of Common Stock. The dividend will be payable on March 7, 2023 to shareholders of record as of the close of business on February 22, 2023.

Loews Corporation operates in multiple sectors, including insurance, energy, hospitality, and packaging, demonstrating its diversified business approach.

Positive

• Quarterly dividend of $0.0625 per share enhances shareholder income.
• Stable dividend payment reflects company confidence in financial health.

Negative

• None.

News Market Reaction

+2.13%

1 alert

+2.13% News Effect

On the day this news was published, L gained 2.13%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, Feb. 7, 2023 /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 7, 2023 to shareholders of record as of the close of business on February 22, 2023.

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-301740951.html

SOURCE Loews Corporation

FAQ

What is the dividend amount declared by Loews Corporation?

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

When will the dividend be paid?

The dividend will be paid on March 7, 2023.

What is the record date for the dividend?

The record date for the dividend is February 22, 2023.

How often does Loews Corporation pay dividends?

Loews Corporation typically pays dividends quarterly.

Is the dividend sustainable for Loews Corporation?

The sustainability of dividends depends on the company's ongoing financial performance.