Donegal Group Inc. Announces Quarterly Dividend

Rhea-AI Summary

Donegal Group Inc. (NASDAQ:DGICA, DGICB) declared a quarterly cash dividend of $0.165 per share for Class A common stock and $0.1475 per share for Class B common stock. The dividends are scheduled for payment on February 15, 2023, to stockholders on record as of February 1, 2023. Donegal Group operates as an insurance holding company, offering commercial and personal property and casualty insurance in 24 states. It holds an A.M. Best rating of A (Excellent), focusing on sustained financial performance and operational modernization.

Positive

• Quarterly dividend of $0.165 for Class A shares and $0.1475 for Class B shares boosts shareholder income.
• Company maintains A.M. Best rating of A (Excellent), indicating strong financial health.

Negative

• None.

MARIETTA, Pa., Dec. 15, 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 February 15, 2023 to stockholders of record as of the close of business on February 1, 2023.

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 in February 2023?

The quarterly cash dividend is $0.165 per share for Class A common stock and $0.1475 per share for Class B common stock.

When will Donegal Group pay its dividends?

Dividends are payable on February 15, 2023.

What is the record date for the dividend payment by Donegal Group?

The record date for the dividend payment is February 1, 2023.

How does Donegal Group's A.M. Best rating affect shareholders?

The A.M. Best rating of A (Excellent) suggests strong financial stability, providing confidence to shareholders.