Global Indemnity Ltd (NASDAQ:GBLI) Announces Quarterly Dividend of $0.25

Global Indemnity Ltd (NASDAQ:GBLI) announced a quarterly dividend on Monday, September 14th, Zacks reports. Shareholders of record on Friday, September 25th will be given a dividend of 0.25 per share by the insurance provider on Wednesday, September 30th. This represents a $1.00 annualized dividend and a yield of 4.15%. The ex-dividend date is Thursday, September 24th.

NASDAQ GBLI opened at $24.11 on Tuesday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.40. The firm’s fifty day moving average price is $24.25 and its two-hundred day moving average price is $24.76. Global Indemnity has a 1 year low of $17.01 and a 1 year high of $34.65. The firm has a market capitalization of $345.91 million, a P/E ratio of 12.24 and a beta of 0.49.

Separately, BidaskClub raised shares of Global Indemnity from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 18th.

In other news, Director Saul A. Fox acquired 163,059 shares of Global Indemnity stock in a transaction on Monday, August 31st. The shares were purchased at an average cost of $23.37 per share, for a total transaction of $3,810,688.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Saul A. Fox acquired 620,000 shares of Global Indemnity stock in a transaction on Friday, August 28th. The shares were purchased at an average price of $22.89 per share, for a total transaction of $14,191,800.00. The disclosure for this purchase can be found here. Insiders have acquired 783,159 shares of company stock worth $18,005,150 over the last quarter. Corporate insiders own 43.90% of the company’s stock.

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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Dividend History for Global Indemnity (NASDAQ:GBLI)

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