Global Indemnity Group, LLC (NASDAQ:GBLI - Get Free Report) announced a quarterly dividend on Thursday, March 6th, RTT News reports. Shareholders of record on Friday, March 21st will be paid a dividend of 0.35 per share by the insurance provider on Friday, March 28th. This represents a $1.40 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend is Friday, March 21st.
Global Indemnity Group has raised its dividend by an average of 11.9% annually over the last three years. Global Indemnity Group has a payout ratio of 32.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Global Indemnity Group to earn $3.48 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 40.2%.
Global Indemnity Group Price Performance
GBLI traded down $0.82 on Monday, reaching $34.23. 524 shares of the company traded hands, compared to its average volume of 3,760. Global Indemnity Group has a 52-week low of $28.37 and a 52-week high of $37.00. The stock's 50 day moving average price is $35.32 and its 200-day moving average price is $34.50. The company has a market cap of $468.54 million, a price-to-earnings ratio of 11.76 and a beta of 0.46.
Analyst Upgrades and Downgrades
Separately, StockNews.com assumed coverage on shares of Global Indemnity Group in a research report on Friday. They set a "buy" rating for the company.
View Our Latest Report on GBLI
About Global Indemnity Group
(
Get Free Report)
Global Indemnity Group, LLC, through its subsidiaries, provides specialty property and casualty insurance, and reinsurance products worldwide. It operates in two segments, Penn-America and Non-Core Operations. The company distributes property and general liability products for small commercial businesses through a network of wholesale general agents; and property and general liability niche products through program administrators with specific binding authority.
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