Globe Life Inc. (NYSE:GL) Shareholders to Collect $0.33 Quarterly Dividend

Globe Life Inc. (NYSE:GL) declared a quarterly dividend on Thursday, November 5th. Stockholders of record on Friday, January 8th will be given a dividend of $0.33 per share on Monday, February 1st. This represents a $1.32 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, January 8th.

Globe Life has raised its dividend by an average of 0.1% annually 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 8.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Globe Life to earn $16.39 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 8.1%.

Globe Life Stock Down 1.2%

Shares of NYSE GL traded down $1.87 during mid-day trading on Friday, reaching $157.34. The company had a trading volume of 26,039 shares, compared to its average volume of 550,071. Globe Life has a twelve month low of $129.21 and a twelve month high of $191.55. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.07 and a current ratio of 0.07. The stock has a market capitalization of $12.09 billion, a PE ratio of 10.53 and a beta of 0.47. The stock’s 50 day moving average is $167.23 and its 200-day moving average is $160.00.

Globe Life (NYSE:GL) last announced its quarterly earnings data on Wednesday, October 21st. The company reported $4.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.90 by ($0.06). The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Globe Life had a return on equity of 19.95% and a net margin of 18.89%. Globe Life’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.81 earnings per share. As a group, equities analysts anticipate that Globe Life will post 15.48 earnings per share for the current fiscal year.

About Globe Life

Globe Life Inc (NYSE: GL) is an insurance holding company that provides individual life and supplemental health insurance products through a network of wholly owned subsidiaries. Its offerings are designed primarily for middle-income households and include term and whole life insurance, mortgage protection coverage, accident and supplemental health insurance, Medicare supplement policies, and annuities.

The company markets its products through several distribution channels, including exclusive and independent agency networks, direct-to-consumer sales, and workplace or union-affiliated programs.