The ex-dividend date for Loews Corporation (NYSE:L) is tomorrow, November 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 $41.12 as of 10 a.m., the dividend yield is 0.6%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for Loews Corporation (NYSE: L) is tomorrow, November 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 $41.12 as of 10 a.m. ET, the dividend yield is 0.6%. The average volume for Loews has been 908,400 shares per day over the past 30 days. Loews has a market cap of $16.26 billion and is part of the financial sector and insurance industry. Shares are up 9.7% year to date as of the close of trading on Monday. Loews Corporation operates primarily as a commercial property and casualty insurance company. The company has a P/E ratio of 18.8, above 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, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Loews Ratings Report. See our dividend calendar or top-yielding stocks list. FREE for a limited time only: Get TheStreet Ratings #1 Stock Report NOW!.