Monday marks the last chance for investors to receive the next dividend payout from Loews (NYSE:L).
What's Happening
The company announced on Tuesday that it would pay shareholders a quarterly dividend of $0.0625 per share. On Tuesday, Loews will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open $0.0625 lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own L as of the end of Monday's session are eligible to receive the $0.0625 dividend payout for every share that they own.
According to the company, this dividend will be paid out to shareholders on June 07, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.
Click here to find details on Loews's previous dividends.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
