Diversified industrial conglomerate Loews announced today its third-quarter dividend of $0.0625 per share, the same rate it's paid since 2006.
The board of directors said the quarterly dividend is payable on September 16 to holders of record at the close of business on August 30. The regular dividend payment equates to a $0.25-per-share annual dividend, yielding 0.5% based on the closing price today of Loews' stock.
The article Loews Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Loews. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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