Loews Corporation(NYSE:L) Declares Dividend of $0.0625.

Loews Corporation (NYSE:L) had declared a cash dividend of $0.0625 on Aug 9, 2016. The shares will quote ex-dividend on Aug 29, 2016 and the record date has been fixed for Aug 31, 2016. On Aug 9, 2016 share price, the yield comes out to be 0.6080%. The dividend payable date has been fixed on Sep 13, 2016.

Loews Corporation (L) made into the market gainers list on Wednesdays trading session with the shares advancing 0.39% or 0.16 points. Due to strong positive momentum, the stock ended at $41.34, which is also near the day’s high of $41.35. The stock began the session at $41.28 and the volume stood at 6,08,893 shares. The 52-week high of the shares is $41.82 and the 52 week low is $33.84. The company has a current market capitalization of $13,936 M and it has 33,71,06,640 shares in outstanding.

Loews Corporation(L) last announced its earnings results on Aug 1, 2016 for Fiscal Year 2016 and Q2.Earnings per share were $0.60. Analysts had estimated an EPS of $0.60.

Several Insider Transactions has been reported to the SEC. On Jun 14, 2016, Joseph L Bower (director) sold 72 shares at $39.95 per share price.Also, On Jun 2, 2016, Ann E Berman (director) sold 203 shares at $40.33 per share price.On Jun 2, 2016, Paul J Fribourg (director) sold 215 shares at $40.77 per share price, according to the Form-4 filing with the securities and exchange commission.

Loews Corporation is a holding company. The Company through its subsidiaries is engaged in commercial property and casualty insurance; operation of offshore oil and gas drilling rigs; transportation and storage of natural gas and natural gas liquids and gathering and processing of natural gas and operation of a chain of hotels. The Company’s subsidiaries include CNA Financial Corporation (CNA); Diamond Offshore Drilling Inc. (Diamond Offshore); Boardwalk Pipeline Partners LP (Boardwalk Pipeline) and Loews Hotels Holding Corporation (Loews Hotels). CNA’s insurance products primarily include commercial property and casualty coverages including surety. Diamond Offshore is engaged in the business of operating drilling rigs. Boardwalk Pipeline is engaged in natural gas and natural gas liquids transportation and storage and natural gas gathering and processing. The subsidiaries of Loews Hotels Holding Corporation operate a chain of 21 hotels.

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