Globe Life Inc. (NYSE:GL – Get Free Report) announced a quarterly dividend on Thursday, August 6th. Investors of record on Monday, October 5th will be given a dividend of 0.33 per share on Friday, October 30th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, October 5th.
Globe Life has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 20 years. Globe Life has a dividend payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Globe Life to earn $16.52 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 8.0%.
Globe Life Price Performance
Shares of GL opened at $183.53 on Friday. Globe Life has a fifty-two week low of $127.85 and a fifty-two week high of $191.55. The firm’s 50-day simple moving average is $174.45 and its two-hundred day simple moving average is $155.77. The stock has a market cap of $14.10 billion, a PE ratio of 12.19 and a beta of 0.48. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.07 and a current ratio of 0.07.
Globe Life Company Profile
Globe Life, traded on the NYSE under the symbol GL, is a U.S.-based insurance holding company that underwrites and distributes a range of life and supplemental health insurance products. Through its subsidiary brands—Globe Life, American Income Life, Liberty National Life, United American Insurance Company and Family Heritage Life—it offers term life, whole life, fixed annuities and supplemental health coverage designed to meet the needs of individuals and families across various socioeconomic segments.
The company’s product suite includes low-cost, easy-to-understand life insurance policies, accidental death and dismemberment coverage, hospital indemnity plans and specified disease insurance.
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