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LAKEWOOD, NJ - Reliance Global Group, Inc. (NASDAQ:RELI), whose stock has declined 60% over the past year according to InvestingPro data, announced Monday that its Board of Directors has declared a special cash dividend of $0.03 per common share, payable on December 2, 2025, to stockholders of record as of October 30, 2025.
The special dividend announcement comes despite challenging financial metrics, with InvestingPro data showing negative EBITDA of $3.81 million and a weak gross profit margin of 9.55% in the last twelve months.
"We are pleased to announce this special dividend as a way of rewarding our loyal shareholders who have continued to support the Company as we execute on our growth strategy," said Ezra Beyman, CEO of Reliance Global Group, in a press release statement.
The company indicated that the dividend distribution reflects confidence in its business model sustainability while maintaining focus on long-term growth through its Insurtech platform and agency network.
Reliance Global Group also referenced its recently announced cryptocurrency asset strategy as part of its capital allocation approach. The company has begun building a digital asset portfolio that includes Ethereum and Cardano as part of its treasury management efforts.
The insurance technology company, which trades on the Nasdaq exchange, did not indicate whether similar dividends might be issued in the future, noting that any potential future dividends would remain at the discretion of the Board.
The announcement represents the company’s effort to balance near-term shareholder returns with ongoing operational investments in its insurance technology business. For deeper insights into RELI’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports, which cover over 1,400 US stocks.
In other recent news, Reliance Global Group has made significant strides in its digital asset strategy. The company announced the completion of its first digital asset purchase, acquiring Ethereum as part of its Digital Asset Treasury initiative. This move is part of a broader plan to invest up to $120 million in cryptocurrencies, including Bitcoin and Solana, with an initial investment of up to $60 million. These investments will be overseen by Reliance’s newly formed Crypto Advisory Board, subject to market conditions.
Additionally, Reliance Global Group has entered into an At The Market Offering Agreement with H.C. Wainwright & Co., allowing the company to offer and sell up to $2,026,453 of its common stock. In a separate development, the company has launched a new Client Service Center for its RELI Exchange InsurTech platform, aiming to support insurance agents in acquiring new business. Meanwhile, JPMorgan has reiterated its Overweight rating on Reliance Industries, highlighting the company’s plan to list its telecom business, Reliance Jio, by June 2026. These developments indicate a strategic expansion and diversification in Reliance Global Group’s business operations.
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