Global Indemnity Group, LLC (NASDAQ:GBLI) Announces Quarterly Dividend of $0.35

Global Indemnity Group, LLC (NASDAQ:GBLI) declared a quarterly dividend on Thursday, December 4th. Shareholders of record on Monday, December 22nd will be paid a dividend of 0.35 per share by the insurance provider on Tuesday, December 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Monday, December 22nd.

Global Indemnity Group has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Global Indemnity Group has a payout ratio of 39.3% meaning its dividend is sufficiently covered by earnings. 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 Stock Up 0.3%

NASDAQ:GBLI opened at $28.58 on Friday. Global Indemnity Group has a 52 week low of $25.88 and a 52 week high of $37.00. The stock’s 50-day moving average price is $28.67 and its 200-day moving average price is $29.88. The stock has a market capitalization of $409.19 million, a PE ratio of 14.88 and a beta of 0.44.

Global Indemnity Group Company Profile

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.