Globe Life Inc. (GL) to Issue Quarterly Dividend of $0.33 on May 1st

Globe Life Inc. (NYSE:GL) declared a quarterly dividend on Thursday, February 26th. Stockholders of record on Friday, April 3rd will be paid a dividend of 0.33 per share on Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 1.0%. 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 by an average of 0.1%annually 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 8.8% meaning its dividend is sufficiently covered by earnings. 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 $1.32 annual dividend with an expected future payout ratio of 8.8%.

Globe Life Stock Performance

NYSE GL opened at $136.55 on Tuesday. The firm has a market cap of $10.71 billion, a price-to-earnings ratio of 9.70 and a beta of 0.46. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average price of $141.40 and a 200-day moving average price of $138.80. Globe Life has a twelve month low of $109.38 and a twelve month 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 the consensus estimate of $3.44 by ($0.05). The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Globe Life had a return on equity of 21.30% and a net margin of 19.37%.The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.14 EPS. Globe Life has set its FY 2026 guidance at 14.950-15.650 EPS. As a group, equities research analysts predict that Globe Life will post 13.87 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on GL. Truist Financial increased their price objective on shares of Globe Life from $158.00 to $180.00 and gave the company a “buy” rating in a report on Friday, February 6th. TD Cowen reissued a “buy” rating on shares of Globe Life in a report on Thursday, December 11th. Wells Fargo & Company upped their target price on shares of Globe Life from $170.00 to $171.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 25th. Texas Capital raised shares of Globe Life to a “strong-buy” rating in a research note on Wednesday, March 18th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $176.00 price target on shares of Globe Life in a report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $172.00.

Globe Life Company Profile

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.