NEW YORK (
) -- The ex-dividend date for
) is tomorrow, August 30, 2011. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $36.51 as of 9:30 a.m. ET, the dividend yield is 0.7%.
The average volume for Loews has been 2.2 million shares per day over the past 30 days. Loews has a market cap of $14.4 billion and is part of the
industry. Shares are down 7.8% year to date as of the close of trading on Friday.
Loews Corporation, through its subsidiaries, operates primarily as a commercial property and casualty insurance company in the United States. The company has a P/E ratio of 12.7, below the average insurance industry P/E ratio of 13 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Loews as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full