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

Global Indemnity Group, LLC (NASDAQ:GBLIGet Free Report) announced a quarterly dividend on Friday, December 6th,Wall Street Journal reports. Investors of record on Tuesday, December 24th will be given a dividend of 0.35 per share by the insurance provider on Tuesday, December 31st. This represents a $1.40 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date is Tuesday, December 24th.

Global Indemnity Group has a dividend payout ratio of 40.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Global Indemnity Group to earn $3.48 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 40.2%.

Global Indemnity Group Price Performance

NASDAQ GBLI traded up $0.31 on Friday, hitting $36.00. The stock had a trading volume of 9,221 shares, compared to its average volume of 4,307. The business’s fifty day moving average price is $34.36 and its 200 day moving average price is $32.42. The stock has a market cap of $492.84 million, a price-to-earnings ratio of 12.21 and a beta of 0.42. Global Indemnity Group has a 52-week low of $26.50 and a 52-week high of $37.00.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Global Indemnity Group in a research note on Sunday, December 1st. They set a “buy” rating on the stock.

Check Out Our Latest Stock Analysis on GBLI

Global Indemnity Group Company Profile

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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.

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Dividend History for Global Indemnity Group (NASDAQ:GBLI)

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