Global Indemnity Group, LLC (GBLI) To Go Ex-Dividend on December 24th

Global Indemnity Group, LLC (NASDAQ:GBLI) declared a quarterly dividend on Thursday, December 5th,Wall Street Journal reports. Stockholders 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 dividend yield of 3.89%. The ex-dividend date is Tuesday, December 24th.

Global Indemnity Group has a payout ratio of 40.1% indicating that its dividend is sufficiently covered by earnings. 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

Shares of Global Indemnity Group stock opened at $36.00 on Friday. The stock’s fifty day moving average is $34.95 and its two-hundred day moving average is $32.80. Global Indemnity Group has a 52 week low of $27.47 and a 52 week high of $37.00. The company has a market capitalization of $492.77 million, a PE ratio of 12.37 and a beta of 0.42.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Global Indemnity Group in a research note on Tuesday, December 17th. They issued a “buy” rating on the stock.

About Global Indemnity Group

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.