Globe Life Inc (NYSE:GL) shares are trading lower by 2.5% to $81.44 during Thursday's session after The Bear Cave newsletter issued a report on the company.

Globe Life, which sells life, burial and supplemental health insurance, is accused by The Bear Cave of issuing unwanted policies, losing track of active policies and improperly delaying or denying payouts. Benzinga has reached out to Globe Life for comment.

The Bear Cave alleges the investigation, based on consumer complaints obtained through public records requests, reveals a broader scope of issues beyond previous reports focused on Globe Life's subsidiary, American Income Life. Complaints allegedly include deceptive marketing practices and false claims of affiliation with the Department of Veteran Affairs.

Globe Life is "morally bankrupt and financially univestable" based on the evidence gathered, according to The Bear Cave, which said it operates independently and does not take financial positions against companies it investigates.

Does GL Stock Pay Dividends?

Dividends are an important factor when holding a stock for a period of time. Not only do they provide investors with passive income, but they also can be reinvested, allowing long-term investors to grow their position over time.

Globe Life's quarterly dividend of $0.24 per share represents a yield of 1.24%. This means an investor holding $1,000 of Globe Life will receive a quarterly payment of $2.95. If reinvested, this dividend will buy 0.036268 shares of the stock.

Globe Life has increased its dividend payment 3 times out of the past 12 quarters, representing an annualized growth rate of 6.71%.

For access to important stock information such as dividend history, fundamental analysis tools and exclusive news items, try out a free trial of Benzinga Pro today.

According to data from Benzinga Pro, GL has a 52-week high of $132.00 and a 52-week low of $38.95.