Global Indemnity (GBLI) Raises Quarterly Dividend 40% to $0.35; 4.7% Yield

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Go back to Global Indemnity (GBLI) Raises Quarterly Dividend 40% to $0.35; 4.7% Yield

Global Indemnity Group, LLC Announces 40% Increase in Quarterly Dividend

March 6, 2024 8:45 AM EST

WILMINGTON, Del.--(BUSINESS WIRE)-- Global Indemnity Group, LLC (NYSE: GBLI) (GBLI) announced today that its Board of Directors approved a dividend rate of $0.35 per common share payable on March 28, 2024 to all shareholders of record as of the close of business on March 21, 2024, a 40% increase over the prior quarterly dividend rate of $0.25 per common share.

The increase in GBLIs dividend reflects the companys ongoing strong financial performance, capital and reserve positions, liquidity, and balance sheet, said Saul Fox, GBLIs Chairman of the Board. Fox added, Since taking the company public,... More