Globe Life Inc. (NYSE:GL) to Issue $0.27 Quarterly Dividend

Globe Life Inc. (NYSE:GL) announced a quarterly dividend on Thursday, November 6th. Investors of record on Monday, January 5th will be paid a dividend of 0.27 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, January 5th.

Globe Life has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 20 consecutive years. Globe Life has a dividend payout ratio of 7.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Globe Life to earn $15.03 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 7.2%.

Globe Life Price Performance

Shares of GL traded down $0.49 during trading hours on Friday, reaching $131.34. 179,253 shares of the company’s stock traded hands, compared to its average volume of 631,909. Globe Life has a 12 month low of $100.27 and a 12 month high of $147.83. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.43. The stock has a market cap of $10.64 billion, a PE ratio of 9.52 and a beta of 0.55. The firm’s 50 day simple moving average is $138.36 and its 200-day simple moving average is $130.29.

Globe Life (NYSE:GL) last announced its earnings results on Wednesday, October 22nd. The company reported $4.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.54 by $0.27. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.52 billion. Globe Life had a net margin of 19.36% and a return on equity of 22.12%. During the same period last year, the firm posted $3.44 earnings per share. Globe Life has set its FY 2026 guidance at 14.600-15.300 EPS. FY 2025 guidance at 14.400-14.600 EPS. Equities analysts expect that Globe Life will post 13.87 EPS for the current year.

About Globe Life

Globe Life Inc, through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States. The company operates in four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments.