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

Global Indemnity Group, LLC (NASDAQ:GBLI) announced a quarterly dividend on Thursday, September 19th, NASDAQ reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.35 per share by the insurance provider on Monday, October 7th. This represents a $1.40 annualized dividend and a dividend yield of 4.31%. The ex-dividend date of this dividend is Monday, September 30th.

Global Indemnity Group has a payout ratio of 44.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Global Indemnity Group to earn $2.87 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 48.8%.

Global Indemnity Group Price Performance

Shares of GBLI stock remained flat at $32.50 during trading hours on Friday. 90 shares of the stock were exchanged, compared to its average volume of 4,419. The stock has a 50 day simple moving average of $31.54 and a two-hundred day simple moving average of $31.20. The firm has a market capitalization of $442 million, a price-to-earnings ratio of 13.10 and a beta of 0.43. Global Indemnity Group has a one year low of $26.50 and a one year high of $37.00.

Global Indemnity Group (NASDAQ:GBLI) last announced its quarterly earnings results on Wednesday, August 7th. The insurance provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.53 by $0.19. The firm had revenue of $108.69 million during the quarter, compared to the consensus estimate of $114.00 million. Global Indemnity Group had a net margin of 7.66% and a return on equity of 5.79%. As a group, equities analysts expect that Global Indemnity Group will post 2.71 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Global Indemnity Group in a research report on Friday. They set a “buy” rating for the company.

Global Indemnity Group Company Profile

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.