Donegal Group Inc. Announces Increase in Quarterly Dividend

Rhea-AI Summary

Donegal Group declared a quarterly cash dividend of $0.165 per share for Class A and $0.1475 for Class B stock. This marks a 3.1% increase for Class A and a 3.5% increase for Class B compared to previous rates. The dividends are payable on May 16, 2022, to stockholders of record by May 2, 2022. The company focuses on excellent financial performance, modernization, and profitable growth in the insurance sector across 24 states.

Positive

• Declared a cash dividend of $0.165 for Class A and $0.1475 for Class B, enhancing shareholder value.
• Dividends increased by 3.1% for Class A and 3.5% for Class B, indicating growth and profitability.

Negative

• None.

MARIETTA, Pa., April 21, 2022 (GLOBE NEWSWIRE) -- Donegal Group Inc. (NASDAQ:DGICA) and (NASDAQ:DGICB) reported today that its board of directors declared a regular quarterly cash dividend of $0.165 per share of the Company’s Class A common stock and $0.1475 per share of the Company’s Class B common stock. The dividends are payable on May 16, 2022 to stockholders of record as of the close of business on May 2, 2022.

These dividends represent percentage increases of 3.1% for the Company’s Class A common stock and 3.5% for the Company’s Class B common stock compared to the previous quarterly cash dividend rates.

About Donegal Group Inc.

Donegal Group Inc. is an insurance holding company whose insurance subsidiaries and affiliates offer commercial and personal property and casualty lines of insurance in 24 Mid-Atlantic, Midwestern, New England, Southern and Southwestern states. Donegal Mutual Insurance Company and its insurance subsidiaries conduct business together with the insurance subsidiaries of Donegal Group Inc. as the Donegal Insurance Group. The Donegal Insurance Group has an A.M. Best rating of A (Excellent).

The Class A common stock and Class B common stock of Donegal Group Inc. trade on the NASDAQ Global Select Market under the symbols DGICA and DGICB, respectively. The Company is focused on several primary strategies, including achieving sustained excellent financial performance, strategically modernizing its operations and processes to transform its business, capitalizing on opportunities to grow profitably and delivering a superior experience to its agents and customers.

Investor Relations Contact

Karin Daly
Vice President, The Equity Group Inc.
Phone: (212) 836-9623
E-mail: kdaly@equityny.com

FAQ

What is the dividend amount for Donegal Group's Class A and Class B stocks?

The dividend is $0.165 for Class A and $0.1475 for Class B.

When is the dividend payout date for Donegal Group?

The dividend is payable on May 16, 2022.

What are the record dates for receiving dividends from Donegal Group?

Stockholders must be on record by May 2, 2022.

What percentage increases were declared for the Class A and Class B dividends?

Class A dividends increased by 3.1% and Class B by 3.5%.