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

Globe Life Inc. (NYSE:GL) declared a quarterly dividend on Thursday, February 26th. Shareholders of record on Friday, April 3rd will be given a dividend of 0.33 per share on Friday, May 1st. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date 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 increased its dividend every year for the last 20 years. Globe Life has a dividend payout ratio of 7.2% meaning its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

Shares of NYSE:GL traded down $1.92 during trading on Friday, reaching $144.16. The company had a trading volume of 93,718 shares, compared to its average volume of 503,087. The firm’s fifty day moving average is $141.76 and its 200 day moving average is $138.69. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.07 and a current ratio of 0.07. The firm has a market capitalization of $11.48 billion, a PE ratio of 10.24 and a beta of 0.47. Globe Life has a twelve month low of $109.38 and a twelve month high of $152.71.

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