Loews: Dividend Insights
Portfolio Pulse from Benzinga Insights
Loews (NYSE:L) announced a quarterly dividend of 6.25 cents per share, going ex-dividend on Tuesday. Shareholders owning the stock by the end of Monday are eligible for the payout on March 05, 2024. The stock is expected to open 6.25 cents lower on Tuesday to reflect the dividend payout.
February 15, 2024 | 2:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Loews announces a quarterly dividend of 6.25 cents per share, with the stock going ex-dividend on Tuesday. Shareholders must own the stock by Monday to receive the payout on March 05, 2024. The stock price is likely to open lower by the dividend amount on Tuesday.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price equal to the dividend amount, as the stock goes ex-dividend. In this case, Loews' stock is expected to open 6.25 cents lower on Tuesday, reflecting the dividend payout. This is a direct impact on the stock price, but it's a normal market reaction to dividend distributions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100