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

Global Indemnity Group, LLC (NASDAQ:GBLI – Get Free Report) declared a quarterly dividend on Wednesday, June 3rd. Stockholders 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 dividend yield of 5.2%. The ex-dividend date is Thursday, June 18th.

Global Indemnity Group has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Global Indemnity Group has a dividend payout ratio of 39.3% indicating that its dividend is sufficiently covered by earnings. 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%.

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Global Indemnity Group Stock Up 1.2%

GBLI opened at $26.98 on Thursday. 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 firm has a 50-day moving average price of $27.43 and a 200-day moving average price of $28.01. Global Indemnity Group has a twelve month low of $25.63 and a twelve month high of $34.00.

Global Indemnity Group (NASDAQ:GBLI – Get Free Report) last posted its earnings results on Tuesday, May 5th. The insurance provider reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.03). The business had revenue of $109.18 million during the quarter. Global Indemnity Group had a return on equity of 5.81% and a net margin of 7.42%. On average, sell-side analysts expect that Global Indemnity Group will post 2.69 earnings per share for the current fiscal year.

About Global Indemnity Group

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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.

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