By Adam L. Cataldo
Globe Life raised its quarterly dividend to 27 cents a share from 24 cents.
The company said on Thursday the increase was approved by its board of directors. The new dividend totals $1.08 annually, and is equivalent to a yield of 0.9% based Thursday's closing price of $124.18 a share.
The dividend will be paid May 1 to shareholders of record on April 3.
Globe Life also said that Matthew Adams, a retired senior partner at PricewaterhouseCoopers, and Philip Jacobs, a retired principal at KPMG US, were appointed to the board on Feb. 26. Adams was leader of the U.S. Insurance Practice at Pricewaterhouse, and Jacobs was leader of the U.S. Insurance Tax Sector at KPMG
Based in McKinney, Texas, Globe Life is a holding company specializing in life and supplemental health insurance for the middle-income market.
Write to Adam L. Cataldo at adam.cataldo@wsj.com.
(END) Dow Jones Newswires
February 27, 2025 17:47 ET (22:47 GMT)
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