Global Indemnity Ltd (GBLI) Announces $0.25 Quarterly Dividend

Global Indemnity Ltd (NASDAQ:GBLI) announced a quarterly dividend on Monday, December 3rd, Zacks reports. Shareholders 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 is Friday, December 21st.

Shares of GBLI opened at $34.73 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.25 and a quick ratio of 0.25. The company has a market cap of $493.93 million, a price-to-earnings 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.

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 company had revenue of $138.01 million for the quarter. Global Indemnity had a positive return on equity of 2.21% and a negative net margin of 1.25%.

In related news, Director James D. Wehr acquired 3,000 shares of the firm’s stock in a transaction on Monday, November 26th. The stock was purchased at an average cost of $34.14 per share, with a total value of $102,420.00. Following the acquisition, the director now owns 3,040 shares of the company’s stock, valued at approximately $103,785.60. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 41.40% of the company’s stock.

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

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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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