Loews Corporation Announces Quarterly Dividend on Common Stock.
NEW YORK -- Loews Corporation (NYSE NYSE
See: New York Stock Exchange : L) announced today the declaration of the Company's quarterly dividend of $0.0625 per share of Common Stock, payable March 13, 2009 to shareholders of record on March 2, 2009.
Loews Corporation, a holding company, is one of the largest diversified corporations in the United States. Its principal subsidiaries are CNA Financial Corporation (NYSE: CNA (Certified NetWare Administrator) See Novell certification. ), a 90% owned subsidiary; Diamond Offshore Drilling Diamond Offshore Drilling, Inc. is a deepwater drilling contractor which provides drilling services to the energy industry. The company's headquarters are located in Houston, Texas, but they have offices in Louisiana, Africa, Australia, Brazil, Indonesia, Scotland, Singapore, and , Inc. (NYSE: DO), a 50.4% owned subsidiary; HighMount Exploration & Production LLC, a wholly owned subsidiary Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
In other words, the parent company owns the company outright and there are no minority owners. ; Boardwalk Pipeline Partners, LP (NYSE: BWP), a 74% owned subsidiary; and Loews Hotels, a wholly owned subsidiary.