Globe Life (GL) will increase its quarterly dividend by 5.1 percent to 20.75 cents per share in 2022. This follows a dividend hike of 5.3 percent to $0.1975 per share by the insurer in 2021. The company formerly known as Torchmark Corporation has now raised its dividend 17 years in a row.

The next GL dividend will be paid on April 29, 2022 to shareholders of record on April 4, 2022. A new annual rate of 83 cents per share yields 0.9% at a stock price of $98. The company has now increased its annual dividend for 17 consecutive years and pays $84 million in dividends to shareholders every year.

Globe Life, formerly Torchmark Corporation, 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.  Torchmark has several nationally recognized insurance subsidiaries.  Globe Life And Accident is a direct-response provider of life insurance known for its administrative efficiencies.  American Income Life provides individual life insurance to working families.  Liberty National Life is one of the oldest traditional life insurers in the Southeast.  United American is a consumer-oriented provider of supplemental life and health insurance.  Family Heritage Life provides individual supplemental health insurance.