Globe Life Inc. Declares Quarterly Dividend of $0.33 (NYSE:GL)

Key Points

• Globe Life declared a quarterly dividend of $0.33 per share, payable October 30 to shareholders of record October 5. The dividend implies an annualized payout of $1.32 and a yield of approximately 0.7%.
• The company has increased its dividend for 20 consecutive years, with a low 8.8% payout ratio, suggesting the dividend is well covered by earnings.
• Globe Life’s latest quarterly EPS of $3.61 fell short of the $3.67 consensus estimate, though revenue rose 8% year over year to $1.60 billion. Shares declined 1.2% to $183.83 in Friday trading.

Globe Life Inc. (NYSE:GL - Get Free Report) announced a quarterly dividend on Thursday, August 6th. Shareholders of record on Monday, October 5th will be given a dividend of 0.33 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, October 5th.

Globe Life has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 20 years. Globe Life has a payout ratio of 8.8% indicating that 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 Stock Down 1.2%

Shares of NYSE GL traded down $2.19 during midday trading on Friday, hitting $183.83. The stock had a trading volume of 237,036 shares, compared to its average volume of 567,535. The company has a market cap of $14.27 billion, a P/E ratio of 12.20 and a beta of 0.48. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.38. The business's 50 day moving average is $173.85 and its 200-day moving average is $155.58. Globe Life has a 52 week low of $127.85 and a 52 week high of $191.55.

Globe Life (NYSE:GL - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $3.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.67 by ($0.06). The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. Globe Life had a net margin of 19.58% and a return on equity of 20.73%. The business's revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company posted $3.05 earnings per share. Globe Life has set its FY 2026 guidance at 15.550-15.950 EPS. As a group, analysts predict that Globe Life will post 15.7 EPS for the current year.

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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