Global Indemnity Group, LLC (NASDAQ:GBLI – Get Free Report) announced a quarterly dividend on Thursday, June 6th, NASDAQ reports. Stockholders of record on Friday, June 21st will be paid a dividend of 0.35 per share by the insurance provider on Friday, June 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date is Friday, June 21st.
Global Indemnity Group has a payout ratio of 45.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Global Indemnity Group to earn $2.57 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 54.5%.
Global Indemnity Group Stock Down 3.9 %
GBLI stock opened at $30.74 on Thursday. The company has a market capitalization of $418.06 million, a PE ratio of 12.30 and a beta of 0.45. The stock’s 50 day moving average is $31.67 and its two-hundred day moving average is $30.65. Global Indemnity Group has a 52-week low of $26.50 and a 52-week high of $37.00.
Analyst Ratings Changes
Separately, StockNews.com assumed coverage on shares of Global Indemnity Group in a report on Sunday. They issued a “buy” rating for the company.
Check Out Our Latest Stock Report on GBLI
About Global Indemnity Group
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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