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Global Indemnity announces dividend

Global Indemnity Limited (NASDAQ:GBLI) distributes a quarterly dividend of $ 0.25 to its shareholders. Extrapolated to the year, the company pays $ 1.00. At the current price level of $ 34.99 (as of February 11, 2019), this corresponds to a current dividend yield of 2.86 percent.

Shareholders will receive the payout on March 29, 2019 (record date: March 22, 2019). Global Indemnity, based in the Cayman Islands, was founded in 2016. The company offers special property and casualty insurance for various markets (small businesses, prefabricated houses and vacant properties). For the first 9 months of fiscal year 2018, Global Indemnity generated earnings of $ 16.62 million (prior year: $ 13.45 billion).

The share is listed on the NASDAQ and is there since the beginning of the year with 3.42 percent in the minus. The market capitalization is currently $ 497.7 million (as of February 11, 2019).


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