As the day concludes, Loews L is preparing to distribute a dividend payout of $0.06 per share, resulting in an annualized dividend yield of 0.40%. This payout is exclusive to investors who held the stock before the ex-dividend date on August 15, 2023.
Loews Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-08-15 | 4 | $0.06 | 0.4% | 2023-08-01 | 2023-08-16 | 2023-08-29 |
| 2023-05-23 | 4 | $0.06 | 0.43% | 2023-05-09 | 2023-05-24 | 2023-06-06 |
| 2023-02-21 | 4 | $0.06 | 0.41% | 2023-02-07 | 2023-02-22 | 2023-03-07 |
| 2022-11-22 | 4 | $0.06 | 0.45% | 2022-11-08 | 2022-11-23 | 2022-12-06 |
| 2022-08-16 | 4 | $0.06 | 0.45% | 2022-08-02 | 2022-08-17 | 2022-08-30 |
| 2022-05-24 | 4 | $0.06 | 0.4% | 2022-05-10 | 2022-05-25 | 2022-06-07 |
| 2022-02-22 | 4 | $0.06 | 0.41% | 2022-02-08 | 2022-02-23 | 2022-03-08 |
| 2021-11-23 | 4 | $0.06 | 0.43% | 2021-11-09 | 2021-11-24 | 2021-12-07 |
| 2021-08-17 | 4 | $0.06 | 0.47% | 2021-08-03 | 2021-08-18 | 2021-08-31 |
| 2021-05-25 | 4 | $0.06 | 0.43% | 2021-05-11 | 2021-05-26 | 2021-06-08 |
| 2021-02-23 | 4 | $0.06 | 0.52% | 2021-02-09 | 2021-02-24 | 2021-03-09 |
| 2020-11-24 | 4 | $0.06 | 0.57% | 2020-11-17 | 2020-11-25 | 2020-12-08 |
When comparing Loews's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Fidelity National Finl FNF having the highest annualized dividend yield at 4.47%.
Analyzing Loews Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
The company has consistently maintained a dividend per share of $0.25 from 2019 to 2022. This unwavering dividend policy instills confidence in investors, as they can rely on a consistent income stream from the company's dividends.
YoY Earnings Growth For Loews
From 2019 to 2022, Loews experienced a growth in earnings per share, with an increase from $3.05 to $4.00. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
Recap
This article takes an in-depth look at Loews's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.06 per share today, translating to an annualized dividend yield of 0.40%.
When comparing Loews's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Fidelity National Finl having the highest annualized dividend yield at 4.47%.
The unaltered dividend per share during 2019 to 2022 does not diminish the significance of the increasing earnings per share for Loews. This upward trend suggests the company's financial stability and its potential to sustain the distribution of profits to shareholders.
Investors are encouraged to closely track the company's performance in the upcoming quarters to stay informed of any updates in financials or dividend disbursements.
\To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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