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Globe Life (Globe Life) 3-Year Dividend Growth Rate

: 6.30% (As of Dec. 2023)
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Globe Life's Dividends per Share for the three months ended in Dec. 2023 was $0.23.

The historical rank and industry rank for Globe Life's 3-Year Dividend Growth Rate or its related term are showing as below:

GL' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -15.2   Med: 6.35   Max: 29.4
Current: 6.3

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.

GL's 3-Year Dividend Growth Rate is ranked better than
51.46% of 239 companies
in the Insurance industry
Industry Median: 6.3 vs GL: 6.30

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. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Globe Life's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.08. As of today, Globe Life's Dividend Yield % is 1.36%.

Good Sign:

Globe Life Inc stock dividend yield is close to 10-year high.

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


Competitive Comparison

For the Insurance - Life subindustry, Globe Life's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate 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 3-Year Dividend Growth Rate Distribution

For the Insurance industry and Financial Services sector, Globe Life's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Globe Life's 3-Year Dividend Growth Rate falls into.



Globe Life 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Globe Life  (NYSE:GL) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

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

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.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Globe Life Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.2402024-04-042024-04-052024-05-01Cash DividendquarterlyUSD:USD 1.000000
USD 0.2252024-01-042024-01-052024-02-01Cash DividendquarterlyUSD:USD 1.000000
USD 0.2252023-10-052023-10-062023-11-01Cash DividendquarterlyUSD:USD 1.000000
USD 0.2252023-07-032023-07-052023-08-01Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Globe Life's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=0.915/67.005
=1.37 %

Current Share Price is $67.005.
Globe Life's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.915.

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

Good Sign:

Globe Life Inc stock dividend yield is close to 10-year high.

* 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.


Globe Life 3-Year Dividend Growth Rate Related Terms>


Globe Life (Globe Life) Business Description

Traded in Other Exchanges
Address
3700 South Stonebridge Drive, McKinney, TX, USA, 75070
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

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