Global Indemnity Group, LLC (GBLI) to Issue Quarterly Dividend of $0.35 on September 30th

Global Indemnity Group, LLC (NASDAQ:GBLI) announced a quarterly dividend on Wednesday, September 9th. Shareholders of record on Friday, September 18th will be given a dividend of 0.35 per share by the insurance provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Friday, September 18th.

Global Indemnity Group has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Global Indemnity Group has a dividend payout ratio of 39.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Global Indemnity Group to earn $3.11 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 45.0%.

Global Indemnity Group Stock Performance

Shares of GBLI opened at $29.17 on Wednesday. Global Indemnity Group has a 1 year low of $24.28 and a 1 year high of $30.50. The company has a market cap of $426.17 million, a price-to-earnings ratio of 12.41 and a beta of 0.42. The firm has a fifty day moving average of $27.94 and a 200-day moving average of $27.44.

Global Indemnity Group (NASDAQ:GBLI) last released its quarterly earnings data on Wednesday, August 5th. The insurance provider reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.04). The firm had revenue of $116.10 million during the quarter. Global Indemnity Group had a return on equity of 5.56% and a net margin of 7.50%. Analysts predict that Global Indemnity Group will post 2.68 EPS for the current year.

About Global Indemnity Group

Global Indemnity Group, LLC (NASDAQ:GBLI) is a specialty property and casualty insurance and reinsurance company. Through its operating subsidiaries, the company provides coverage designed for businesses, individuals and specialized risks that may not be fully addressed by standard insurance carriers.

Its products and services include commercial property and casualty insurance, excess and surplus lines, general liability, commercial property, inland marine, professional liability, umbrella coverage and other specialty commercial products.