Global Indemnity Group, LLC to Issue Quarterly Dividend of $0.35 (NASDAQ:GBLI)

Global Indemnity Group, LLC (NASDAQ:GBLI - Get Free Report) declared a quarterly dividend on Thursday, September 11th, RTT News reports. Shareholders of record on Monday, September 29th will be given a dividend of 0.35 per share by the insurance provider on Monday, October 6th. This represents a c) dividend on an annualized basis and a yield of 4.7%.5 Undervalued Stocks To Secure Your High Yield PortfolioGlobal Indemnity Group has a payout ratio of 39.3% indicating that its dividend is sufficiently covered by earnings. 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%. Get Global Indemnity Group alerts:Global Indemnity Group Trading Up 1.0%NASDAQ GBLI traded up $0.31 during trading hours on Thursday, reaching $29.63. 1,340 shares of the company traded hands, compared to its average volume of 4,448. Global Indemnity Group has a 12 month low of $26.94 and a 12 month high of $37.00. The stock has a market capitalization of $423.52 million, a PE ratio of 10.18 and a beta of 0.44. The company has a 50 day moving average of $30.25 and a two-hundred day moving average of $31.25. Global Indemnity Group Company Profile (Get Free Report)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.See AlsoFive stocks we like better than Global Indemnity GroupWhat is a Dividend Harvesting Strategy and How Can Investors Profit from it?Vanguard’s VUG ETF: The Ultimate Growth ETF for Your PortfolioHow to Find Undervalued Stocks2 Reasons to Scoop Up Rubrik Stock and Hold on for LifeWhat is a Dividend King? Is Coupang the Next MercadoLibre? A Playbook for Global DominanceThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Global Indemnity Group Right Now?Before you consider Global Indemnity Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Global Indemnity Group wasn't on the list.While Global Indemnity Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here