Global Indemnity Ltd (GBLI) to Issue Quarterly Dividend of $0.25 on December 31st

Global Indemnity Ltd (NASDAQ:GBLI) declared a quarterly dividend on Monday, December 3rd, Zacks reports. Stockholders 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 dividend yield of 2.88%. The ex-dividend date is Friday, December 21st.

Shares of Global Indemnity stock opened at $34.73 on Friday. The company has a market capitalization of $493.93 million, a PE ratio of 29.43 and a beta of 0.93. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.25 and a quick ratio of 0.25. Global Indemnity has a one year low of $31.78 and a one year high of $44.99.

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

Separately, BidaskClub cut Global Indemnity from a “sell” rating to a “strong sell” rating in a report on Friday, September 14th.

In other Global Indemnity news, Director James D. Wehr acquired 3,000 shares of the company’s stock in a transaction that occurred on Monday, November 26th. The stock was bought at an average price of $34.14 per share, for a total transaction of $102,420.00. Following the acquisition, the director now directly owns 3,040 shares in the company, valued at $103,785.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 41.40% of the stock is currently owned by insiders.

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About Global Indemnity

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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