Globe Life Inc. (GL) To Go Ex-Dividend on July 6th

Globe Life Inc. (NYSE:GL) announced a quarterly dividend on Thursday, April 30th. Investors of record on Monday, July 6th will be given a dividend of 0.33 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, July 6th.

Globe Life has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 20 years. Globe Life has a dividend payout ratio of 8.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Globe Life to earn $16.64 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 7.9%.

Globe Life Price Performance

Globe Life stock opened at $180.47 on Friday. Globe Life has a 52 week low of $116.73 and a 52 week high of $182.32. The firm has a market cap of $14.01 billion, a P/E ratio of 12.48 and a beta of 0.47. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.07 and a current ratio of 0.07. The business’s fifty day moving average is $161.20 and its two-hundred day moving average is $148.85.

Globe Life (NYSE:GL) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $3.43 earnings per share for the quarter, missing analysts’ consensus estimates of $3.46 by ($0.03). Globe Life had a return on equity of 20.94% and a net margin of 19.38%.The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the firm earned $3.07 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. Equities research analysts forecast that Globe Life will post 15.64 earnings per share for the current fiscal year.

About Globe Life

Globe Life, traded on the NYSE under the symbol GL, is a U.S.-based insurance holding company that underwrites and distributes a range of life and supplemental health insurance products. Through its subsidiary brands—Globe Life, American Income Life, Liberty National Life, United American Insurance Company and Family Heritage Life—it offers term life, whole life, fixed annuities and supplemental health coverage designed to meet the needs of individuals and families across various socioeconomic segments.

The company’s product suite includes low-cost, easy-to-understand life insurance policies, accidental death and dismemberment coverage, hospital indemnity plans and specified disease insurance.