Globe Life (Globe Life) Dividend Payout Ratio : 0.08 (As of Dec. 2023)

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What is Globe Life Dividend Payout Ratio?

Globe Life's dividend payout ratio for the months ended in Dec. 2023 was 0.08.

The historical rank and industry rank for Globe Life's Dividend Payout Ratio or its related term are showing as below:

GL' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.05 Med: 0.11 Max: 0.13
Current: 0.09

During the past 13 years, the highest Dividend Payout Ratio of Globe Life was 0.13. The lowest was 0.05. And the median was 0.11.

GL's Dividend Payout Ratio is ranked better than
92.73% of 289 companies
in the Insurance industry
Industry Median: 0.37 vs GL: 0.09

As of today (2024-04-28), the Dividend Yield % of Globe Life is 1.21%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Globe Life was 1.52%. The lowest was 0.62%. And the median was 0.80%.

Globe Life's Dividends per Share for the months ended in Dec. 2023 was $0.23.

During the past 12 months, Globe Life's average Dividends Per Share Growth Rate was 8.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 6.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 6.80% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 6.80% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Globe Life was 29.40% per year. The lowest was -15.20% per year. And the median was 6.35% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Globe Life Dividend Payout Ratio Historical Data

The historical data trend for Globe Life's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Globe Life Dividend Payout Ratio Chart

Globe Life Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.10

0.11

0.12

0.09

Globe Life Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Dividend Payout Ratio	Get a 7-Day Free Trial															0.10	0.10	0.08	0.08	0.09

Competitive Comparison of Globe Life's Dividend Payout Ratio

For the Insurance - Life subindustry, Globe Life's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Globe Life's Dividend Payout Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Globe Life's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Globe Life's Dividend Payout Ratio falls into.

Globe Life Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Globe Life's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0.9	/	10.65
	=	0.08

Globe Life's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.225	/	2.8
	=	0.08

Globe Life (NYSE:GL) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Globe Life Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Globe Life's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Globe Life (Globe Life) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Globe Life Inc (NYSE:GL) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

G1LL34:Brazil

Address

3700 South Stonebridge Drive, McKinney, TX, USA, 75070

Website

https://www.globelifeinsurance.com

Globe Life Inc is an insurance holding company. It provides a variety of life and supplemental health insurance products and annuities to a broad base of customers. The company's core operations are organized into four reportable segments: life insurance, supplemental health insurance, annuities, and investments. Investment activities, conducted by the investment segment, focus on seeking investments with a yield and term appropriate to support the insurance product obligations. These investments generally consist of fixed maturities and, over the long term, the expected yields are considered when setting insurance premium rates and product profitability expectations.

Executives

Jennifer Allison Haworth	officer: EVP & Chief Marketing Officer	3700 S. STONEBRIDGE DRIVE, MCKINNEY TX 75070
Melissa Jane Buchan	director	1920 MAIN STREET, SUITE 500, IRVINE CA 92614
Dolores L Skarjune	officer: EVP & Chief Admin. Officer	3700 S. STONEBRIDGE DRIVE, MCKINNEY TX 75070
Rebecca E Zorn	officer: EVP & Chief Talent Officer	3700 S. STONEBRIDGE DRIVE, MCKINNEY TX 75070
Michael Clay Majors	officer: EVP - Investor Rel. & Admin.	UNITED AMERICAN INSURANCE COMPANY, 3700 SOUTH STONEBRIDGE DRIVE, MCKINNEY TX 75070
Frank M Svoboda	officer: EVP & CFO	3340 PECAN HOLLOW CT, GRAPEVINE TX 76051
James Matthew Darden	officer: EVP, Chief Strategy Officer	2904 BELCLAIRE DRIVE, FRISCO TX 75034
Michael Shane Henrie	officer: SVP & Chief Accounting Officer	UNITED AMERICAN INSURANCE COMPANY, 3700 SOUTH STONEBRIDGE DRIVE, MCKINNEY TX 75070
Robert Brian Mitchell	officer: EVP, General Counsel and CRO	3120 HARVEY PKWY, OKLAHOMA CITY OK 73118
Cheryl Alston	director	3700 S. STONEBRIDGE DRIVE, MCKINNEY TX 75070
David A Rodriguez	director	10400 FERNWOOD ROAD, BETHESDA MD 20817
Alice S Cho	director	P.O. BOX 30918, BILLINGS MT 59116-0918
Steven John Dichiaro	other: Exec. Officer of Principal Sub	2152 SEVEN LAKES DR, LOVELAND CO 80538
Gary L Coleman	director, officer: Co-Chairman & CEO
Larry M Hutchison	director, officer: Co-Chaiman & CEO	P O BOX 8080, MCKINNEY TX 75010