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

Key Points

• Global Indemnity Group, LLC has declared a quarterly dividend of $0.35 per share, payable on October 6th for shareholders of record on September 29th, representing an annual yield of 4.7%.
• The company has a payout ratio of 39.3%, and analysts expect future earnings to comfortably cover the projected annual dividend of $1.40.
• Global Indemnity Group's stock is currently trading at $29.63, with a market capitalization of $423.52 million and a PE ratio of 10.18.

Global Indemnity Group, LLC (NASDAQ:GBLI - Get Free Report) declared a quarterly dividend on Thursday, September 11th, RTT News reports. Shareholders of record on Monday, September 29th will be given a dividend of 0.35 per share by the insurance provider on Monday, October 6th. This represents a c) dividend on an annualized basis and a yield of 4.7%.

Global Indemnity Group has a payout ratio of 39.3% indicating that its dividend is sufficiently covered by earnings. 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 Trading Up 1.0%

NASDAQ GBLI traded up $0.31 during trading hours on Thursday, reaching $29.63. 1,340 shares of the company traded hands, compared to its average volume of 4,448. Global Indemnity Group has a 12 month low of $26.94 and a 12 month high of $37.00. The stock has a market capitalization of $423.52 million, a PE ratio of 10.18 and a beta of 0.44. The company has a 50 day moving average of $30.25 and a two-hundred day moving average of $31.25.

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.

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