NEW YORK (

TheStreet

) -- The ex-dividend date for

Loews Corporation

(NYSE:

L

) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $39.42 as of 9:30 a.m. ET, the dividend yield is 0.6%.

The average volume for Loews has been 1.1 million shares per day over the past 30 days. Loews has a market cap of $15.56 billion and is part of the

financial

sector and

insurance

industry. Shares are up 4.2% year to date as of the close of trading on Friday.

Loews Corporation operates primarily as a commercial property and casualty insurance company. The company has a P/E ratio of 14.9, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Loews as a

buy

. 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. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Loews Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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