Global Indemnity Group, LLC (NASDAQ: GBLI) has announced a quarterly dividend payout for its shareholders. Investors on record as of Monday, December 22, will receive a dividend of $0.35 per share. Payment is scheduled for Tuesday, December 30. This dividend reflects an annualized yield of 4.9%.
The company’s ex-dividend date is set for December 22. Over the past three years, Global Indemnity Group has increased its dividend payment by an average of 0.1% annually and has a strong track record of consistent increases, having raised its dividend every year for the last 1 year. The firm maintains a payout ratio of 39.3%, indicating that its dividend payments are well-supported by its earnings.
Analysts project that Global Indemnity Group will earn $3.48 per share in the coming year, suggesting that the company should continue to comfortably meet its annual dividend obligation of $1.40. This results in an anticipated future payout ratio of 40.2%.
Current Market Performance
On Friday, shares of Global Indemnity Group opened at $28.55. The company’s 50-day moving average stands at $28.65, while the 200-day moving average is recorded at $29.86. Global Indemnity Group has a market capitalization of $408.84 million, a price-to-earnings (P/E) ratio of 14.87, and a beta of 0.44. Over the past year, the stock has experienced a low of $25.88 and a high of $37.00.
About Global Indemnity Group
Global Indemnity Group, LLC, through its subsidiaries, provides specialty property and casualty insurance, as well as reinsurance products globally. The company operates in two segments: Penn-America and Non-Core Operations. It distributes property and general liability products geared towards small commercial businesses via a network of wholesale general agents and offers niche products through program administrators with specific binding authority.
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