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

Global Indemnity Group, LLC (NASDAQ:GBLI) announced a quarterly dividend on Wednesday, June 3rd. Shareholders of record on Thursday, June 18th will be given a dividend of 0.35 per share by the insurance provider on Monday, June 29th. This represents a c) annualized dividend and a yield of 5.2%. The ex-dividend date is Thursday, June 18th.

Global Indemnity Group has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 1 years. Global Indemnity Group has a payout ratio of 39.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Global Indemnity Group to earn $3.14 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 44.6%.

Global Indemnity Group Stock Performance

GBLI stock opened at $26.98 on Thursday. Global Indemnity Group has a fifty-two week low of $25.63 and a fifty-two week high of $34.00. The company has a market capitalization of $394.18 million, a price-to-earnings ratio of 11.73 and a beta of 0.39. The business’s 50 day moving average price is $27.43 and its two-hundred day moving average price is $28.01.

Global Indemnity Group (NASDAQ:GBLI) last released its earnings results on Tuesday, May 5th. The insurance provider reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). Global Indemnity Group had a net margin of 7.42% and a return on equity of 5.81%. The firm had revenue of $109.18 million during the quarter. Sell-side analysts forecast that Global Indemnity Group will post 2.69 earnings per share for the current year.

About Global Indemnity Group

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.