Loews Stock To Go Ex-dividend Tomorrow (L)

The ex-dividend date for Loews Corporation (NYSE:L) is tomorrow, February 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $38.85 as of 10:05 a.m., the dividend yield is 0.6%.

Author:: TheStreet Wire
Publish date:: Feb 27, 2012 9:29 AM EST

NEW YORK (

TheStreet

) -- The ex-dividend date for

Loews Corporation

(NYSE:

) is tomorrow, February 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $38.85 as of 10:05 a.m. ET, the dividend yield is 0.6%.

The average volume for Loews has been 1.5 million shares per day over the past 30 days. Loews has a market cap of $15.24 billion and is part of the

financial

sector and

insurance

industry. Shares are up 4% 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. The company has a P/E ratio of 14.9, above the average insurance industry P/E ratio of 12.6 and below the S&P 500 P/E ratio of 17.7.