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Loews Corporation Announces Quarterly Dividend on Common Stock; Dividend Payout Rate Increased by 25%

NEW YORK--(BUSINESS WIRE)--May 8, 2006--Loews Corporation (NYSE:LTR) announced today the declaration of the Company's quarterly dividend of $0.0625 per share of Common Stock, payable June 12, 2006 to shareholders of record on June 1, 2006. The quarterly dividend reflects a 25% increase in the Loews Common Stock payout rate and is adjusted for the three-for-one stock split announced in April of 2006.

CONTACT: Loews Corporation
Peter W. Keegan
Senior Vice President
Candace Leeds
V.P. of Public Affairs
Darren Daugherty
Investor Relations

SOURCE: Loews Corporation