Ex-Dividend Date Insight: Loews
On November 17, 2020, Loews (NYSE: L) declared a dividend payable on December 8, 2020 to its shareholders. Loews also announced that shareholders on the company's books on or before November 25, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Loews, whose current dividend payout is $0.06, has an ex-dividend date set at November 24, 2020. The payout equates to a dividend yield of 0.57% at current price levels.
The Significance Of An Ex-Dividend Date
An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.
Understanding Loews's Dividend Performance
Over the past year, Loews has seen its dividend payouts remain the same and its yields climb upward overall. Last year on November 26, 2019 the company's payout sat at $0.06, which has returned to its value today. Loews's dividend yield last year was 0.49%, which has since grown by 0.08%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.
Click here to find details on Loews's previous dividends.
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