Globe Life Inc. Declares Dividend And Resumes Stock Repurchases

Rhea-AI Summary

Globe Life Inc. (NYSE: GL) has declared a quarterly dividend of $0.1875 per share, payable on October 30, 2020, to shareholders on record as of October 5, 2020. Additionally, the Board of Directors has authorized the resumption of its common stock repurchase program, which was paused in April due to economic conditions. This program allows for share repurchases at management's discretion, with no set expiration or maximum limit.

Positive

• Declaration of a quarterly dividend reflects confidence in cash flow and financial health.
• Resumption of the stock repurchase program may enhance shareholder value and support the stock price.

Negative

• None.

MCKINNEY, Texas, Aug. 21, 2020 /PRNewswire/ -- Globe Life Inc. (NYSE: GL) announced that its Board of Directors has declared a quarterly dividend of $.1875 per share on all of the outstanding common stock of the Company held of record as of the close of business of the Company's transfer agent on October 5, 2020. The dividend will be paid on October 30, 2020.

Globe Life also announced that its Board of Directors has authorized resumption of the Company's common stock repurchase program, which was temporarily postponed in April, 2020 in light of economic conditions at that time. The Board of Directors concurred with management's recommendation that common stock be repurchased in amounts and at such times as management, in consultation with the Board, determines to be in the best interest of the Company. This repurchase program has no defined expiration date or maximum amount of shares to be repurchased.

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 response, and exclusive and independent agencies. 

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SOURCE Globe Life Inc.

FAQ

What is the dividend amount declared by Globe Life Inc. (GL)?

Globe Life Inc. has declared a quarterly dividend of $0.1875 per share.

When will the dividend for Globe Life (GL) be paid?

The dividend will be paid on October 30, 2020.

When is the record date for the dividend payment by Globe Life (GL)?

The record date for the dividend payment is October 5, 2020.

What has Globe Life (GL) announced regarding its stock repurchase program?

Globe Life has authorized the resumption of its common stock repurchase program, which was temporarily paused.

Is there a limit on the amount of shares Globe Life (GL) can repurchase?

No, there is no defined expiration date or maximum amount of shares to be repurchased.