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

Key Points

• Globe Life declared a $0.33 quarterly dividend (annualized $1.32), with record/ex-dividend date on July 6 and payment on July 31, yielding about 0.9%; the company has raised dividends for 20 consecutive years and maintains a low payout ratio (~8.8%).
• Q1 results showed $3.43 EPS (missed estimates by $0.03) and 5.3% revenue growth year-over-year, and management set FY2026 EPS guidance of $15.40–$15.90 (analysts' consensus ~$15.53).
• Analysts rate GL a consensus Buy with an average price target of $172.67; the stock trades near $153.96 with a market cap of about $12.1B and a P/E of ~10.7.

Globe Life Inc. (NYSE:GL - Get Free Report) declared a quarterly dividend on Thursday, April 30th. Shareholders of record on Monday, July 6th will be given a dividend of 0.33 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, July 6th.

Globe Life has raised 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 payout ratio of 8.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Globe Life to earn $16.63 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 7.9%.

Globe Life Trading Down 0.2%

Shares of GL traded down $0.34 during midday trading on Friday, hitting $153.96. The stock had a trading volume of 59,829 shares, compared to its average volume of 504,233. The stock's 50 day moving average is $144.32 and its 200 day moving average is $139.98. The firm has a market cap of $12.08 billion, a PE ratio of 10.65 and a beta of 0.47. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.07 and a quick ratio of 0.07. Globe Life has a 1 year low of $116.73 and a 1 year high of $155.08.

Globe Life (NYSE:GL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $3.43 earnings per share for the quarter, missing analysts' consensus estimates of $3.46 by ($0.03). Globe Life had a return on equity of 21.30% and a net margin of 19.38%.The firm had revenue of $1.56 billion during the quarter, compared to analysts' expectations of $1.56 billion. During the same period last year, the company earned $3.07 earnings per share. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. Globe Life has set its FY 2026 guidance at 15.400-15.90 EPS. As a group, analysts forecast that Globe Life will post 15.53 EPS for the current fiscal year.

Analysts Set New Price Targets

GL has been the subject of a number of research analyst reports. Truist Financial raised their price target on Globe Life from $180.00 to $185.00 and gave the stock a "buy" rating in a research note on Friday, April 24th. Evercore set a $157.00 target price on Globe Life in a research note on Wednesday, February 18th. Piper Sandler upgraded Globe Life to a "strong-buy" rating in a research report on Thursday, April 2nd. JPMorgan Chase & Co. boosted their target price on shares of Globe Life from $180.00 to $181.00 and gave the company an "overweight" rating in a research note on Thursday, February 5th. Finally, Wells Fargo & Company raised their price target on shares of Globe Life from $171.00 to $172.00 and gave the stock an "overweight" rating in a research note on Friday, April 10th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Globe Life presently has an average rating of "Buy" and a consensus price target of $172.67.

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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