Global Indemnity Ltd Declares Quarterly Dividend of $0.25 (GBLI)

Global Indemnity Ltd (NASDAQ:GBLI) announced a quarterly dividend on Monday, December 3rd, Zacks reports. Investors of record on Monday, December 24th will be paid a dividend of 0.25 per share by the insurance provider on Monday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Friday, December 21st.

Shares of NASDAQ GBLI opened at $34.73 on Friday. The stock has a market capitalization of $493.93 million, a P/E ratio of 29.43 and a beta of 0.93. Global Indemnity has a 52 week low of $31.78 and a 52 week high of $44.99. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.25 and a current ratio of 0.25.

Global Indemnity (NASDAQ:GBLI) last issued its quarterly earnings data on Wednesday, November 7th. The insurance provider reported ($0.03) EPS for the quarter. The business had revenue of $138.01 million during the quarter. Global Indemnity had a negative net margin of 1.25% and a positive return on equity of 2.21%.

Separately, BidaskClub raised shares of Global Indemnity from a “sell” rating to a “hold” rating in a research note on Thursday, October 11th.

In other Global Indemnity news, Director James D. Wehr acquired 3,000 shares of the stock in a transaction that occurred on Monday, November 26th. The shares were purchased at an average cost of $34.14 per share, with a total value of $102,420.00. Following the purchase, the director now owns 3,040 shares in the company, valued at $103,785.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 41.40% of the stock is currently owned by corporate insiders.

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Global Indemnity Company Profile

Global Indemnity Limited, through its subsidiaries, provides insurance and reinsurance products and services in the United States and internationally. The company operates through three segments: Commercial Lines, Personal Lines, and Reinsurance Operations. The Commercial Lines segment distributes property, general liability, casualty, and professional lines products, as well as products for vacant, and under construction and renovation dwellings.

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