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

Global Indemnity Group, LLC (NASDAQ:GBLI) declared a quarterly dividend on Wednesday, September 9th. Investors 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) annualized dividend and a yield of 5.1%. The ex-dividend date is Friday, September 18th.

Global Indemnity Group has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 1 years. Global Indemnity Group has a 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 Price Performance

Global Indemnity Group stock opened at $27.69 on Thursday. The stock has a market cap of $404.55 million, a PE ratio of 11.78 and a beta of 0.42. The stock’s fifty day moving average is $27.58 and its two-hundred day moving average is $27.40. Global Indemnity Group has a 1-year low of $24.28 and a 1-year high of $30.50.

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

Global Indemnity Group Company Profile

Global Indemnity Group (NASDAQ: GBLI) is a specialty property and casualty insurance holding company headquartered in Princeton, New Jersey. Through its subsidiaries, the company focuses on underwriting commercial niche insurance products designed to meet the needs of small to mid-sized businesses and select specialty markets. Its approach centers on disciplined underwriting, customized policy structures and targeted distribution channels to address coverage gaps often underserved by standard carriers.

The company’s product portfolio encompasses surety and fidelity bonds, workers’ compensation, general liability, commercial auto, professional liability and environmental liability.