GLOBE LIFE INC. DECLARES DIVIDEND AND ANNOUNCES APPOINTMENT OF TWO NEW BOARD MEMBERS

Rhea-AI Summary

On February 23, 2023, Globe Life Inc. (NYSE: GL) announced a quarterly dividend increase to $.2250 per share, payable on May 1, 2023, to shareholders on record as of April 3, 2023. The company also appointed Alice S. Cho and David A. Rodriguez to its Board of Directors, enhancing its governance with their expertise in financial services, risk management, and human resources. Cho's background includes roles at the Boston Consulting Group and the Federal Reserve, while Rodriguez brings extensive experience from his career at Marriott International and Citigroup. Globe Life focuses on providing life and supplemental health insurance to middle-income Americans.

Positive

• Quarterly dividend increased to $.2250 per share, reflecting financial health and shareholder value.
• Appointment of experienced board members could enhance corporate governance and strategic direction.

Negative

• None.

MCKINNEY, Texas, Feb. 23, 2023 /PRNewswire/ -- Globe Life Inc. (NYSE: GL) announced that its Board of Directors has raised the quarterly dividend to $.2250 per share on all of the outstanding common stock of the Company held of record as of close of business of the Company's transfer agent on April 3, 2023. The dividend will be paid on May 1, 2023.

Globe Life Inc. also announced today that Alice S. Cho, Senior Advisor to the Boston Consulting Group and David A. Rodriguez, former EVP and Global Chief Human Resources Officer of Marriott International, Inc., were appointed as members of its Board of Directors on February 22, 2023.

Ms. Cho earned a B.A. from Whitman College and an A.M. from the University of Chicago.  Through her advisory and management positions at Boston Consulting Group, Promontory Financial Group, BITS (Bank Policy Institute), the Federal Reserve Board, and the U.S. Executive Office of the President, Ms. Cho brings to the Board extensive experience in financial services, risk management, regulatory compliance, corporate governance, and digital technology issues. She also serves on the Board of First Interstate BancSystem.

Mr. Rodriguez holds a B.A. in Psychology and an M.A. and Ph.D. in Industrial/Organizational Psychology from New York University. He brings to the Board extensive experience in human resource management, including organizational culture and inclusion, from a 36-year career at companies including Marriott International, Citicorp/Citibank and Avon Products. He also currently serves on the Board of American Woodmark Corporation and the Board of Trustees of Board of Trustees of the SIOP Foundation. 

Globe Life Inc. is a holding company specializing in life and supplemental health insurance for "middle income" Americans marketed through multiple distribution channels including direct to consumer and exclusive and independent agencies. 

 

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SOURCE Globe Life Inc.

FAQ

What is the dividend amount declared by Globe Life Inc. for 2023?

Globe Life Inc. declared a quarterly dividend of $.2250 per share.

When is the dividend payment date for Globe Life Inc.?

The dividend will be paid on May 1, 2023.

Who are the new Board members appointed by Globe Life Inc.?

Alice S. Cho and David A. Rodriguez were appointed as new Board members.

What is the record date for Globe Life Inc.'s dividend?

The record date for the dividend is April 3, 2023.

How does the new dividend affect Globe Life's shareholders?

The increased dividend reflects the company's commitment to returning value to shareholders.