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

Globe Life Inc. (NYSE:GL) announced a quarterly dividend on Thursday, February 26th. Stockholders of record on Friday, April 3rd will be given a dividend of 0.33 per share on Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, April 2nd. This is a 22.2% increase from Globe Life’s previous quarterly dividend of $0.27.

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 annually for the last 20 consecutive years. Globe Life has a dividend payout ratio of 7.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Globe Life to earn $15.03 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 7.2%.

Globe Life Stock Down 1.2%

GL traded down $1.78 on Friday, reaching $144.30. 118,874 shares of the company traded hands, compared to its average volume of 503,694. The company has a market cap of $11.49 billion, a price-to-earnings ratio of 10.25 and a beta of 0.47. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.07 and a quick ratio of 0.07. The stock’s 50 day moving average price is $141.76 and its 200-day moving average price is $138.69. Globe Life has a 52-week low of $109.38 and a 52-week high of $152.71.

Globe Life (NYSE:GL) last released its earnings results on Wednesday, February 4th. The company reported $3.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.44 by ($0.05). Globe Life had a return on equity of 21.75% and a net margin of 19.37%.The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the previous year, the company earned $3.14 EPS. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. Globe Life has set its FY 2026 guidance at 14.950-15.650 EPS. On average, sell-side analysts expect that Globe Life will post 13.87 EPS for the current fiscal year.

About Globe Life

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.