Globe Life Inc.
GL20 yrs growthFinancial Services · Stock · quarterly payer
Forward Yield
0.73%
Annual Dividend
$1.32
Payout Ratio
8%
5-Yr Growth
7.3%
Ex-Date
Jul 6, 2026
Frequency
Quarterly
Summary
As of July 2026, Globe Life Inc. (GL) yields 0.73% ($1.32 per share annually), with a blended fair-value estimate of $372.44 — +108% upside, so it screens as undervalued. Dividend safety grade: A (95/100). 20 years of dividend growth.
Is GL a good dividend stock?
YesGlobe Life Inc. (GL) pays a quarterly dividend yielding 0.73% ($1.32/yr), with 20 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 20 consecutive years of dividend growth
- Comfortable payout ratio (8%)
- Strong 7.3% 5-yr dividend growth
- 93% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 1999
Key Data
- Dividend Yield
- 0.73%
- Payout Ratio
- 8%
- Annual Dividend
- $1.32
- 5-Yr Avg Growth
- 7.3%
- Ex-Dividend Date
- Jul 6, 2026
- Years of Growth
- 20
- Frequency
- quarterly
- Beta
- 0.50
- Market Cap
- $14.0B
- P/E Ratio
- 12.5
- 5-Yr Total Return
- 93%
- 52-Week Range
- $116.73 – $181.15
- Dividend Safety
- A · 95/100
- Ever Cut?
- Yes (1999)
Frequently Asked Questions
GL Price — Last 12 Months
Daily close
Price Return
1 Year
+28%
3 Years
+60%
5 Years
+93%
52-Week Range
$116.73 – $181.15
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is GL worth?
Undervaluedlow confidenceOur blended fair-value estimate for Globe Life Inc. is $372.44 per share, versus a market price of $179.31. That implies 108% of upside — a margin of safety of about 52%.
Fair Value
$372.44
Current Price
$179.31
Upside
+108%
Margin of Safety
52%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 6.2% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 6.2% stage-1 growth, 2.5% terminal growth, $14.45 EPS, $1.32 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
GL Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Apr 2, 2026 | — | $0.3300 | regular |
| Jan 5, 2026 | — | $0.2700 | regular |
| Oct 3, 2025 | — | $0.2700 | regular |
| Jul 3, 2025 | — | $0.2700 | regular |
| Apr 3, 2025 | — | $0.2700 | regular |
| Jan 6, 2025 | — | $0.2400 | regular |
| Oct 4, 2024 | — | $0.2400 | regular |
| Jul 5, 2024 | — | $0.2400 | regular |
| Apr 4, 2024 | — | $0.2400 | regular |
| Jan 4, 2024 | — | $0.2250 | regular |
| Oct 5, 2023 | — | $0.2250 | regular |
| Jul 3, 2023 | — | $0.2250 | regular |
| Mar 31, 2023 | — | $0.2250 | regular |
| Jan 5, 2023 | — | $0.2080 | regular |
Income Calculator
At $1.32 / yr per share
