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

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 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date of this dividend is Monday, September 30th.

Global Indemnity Group has a dividend payout ratio of 44.0% indicating that its dividend is sufficiently covered by earnings. Research 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

GBLI opened at $32.75 on Friday. The firm has a fifty day moving average price of $31.78 and a 200 day moving average price of $31.33. Global Indemnity Group has a 1 year low of $26.50 and a 1 year high of $37.00. The stock has a market cap of $445.53 million, a P/E ratio of 13.21 and a beta of 0.43.

Global Indemnity Group (NASDAQ:GBLI) last issued its quarterly earnings data on Wednesday, August 7th. The insurance provider reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.19. Global Indemnity Group had a net margin of 7.66% and a return on equity of 5.79%. The business had revenue of $108.69 million during the quarter, compared to the consensus estimate of $114.00 million. Equities analysts expect that Global Indemnity Group will post 2.71 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Global Indemnity Group in a report on Saturday. They issued 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.