Donegal Group Inc. Announces Quarterly Dividend

Rhea-AI Summary

Donegal Group declared a quarterly cash dividend of $0.165 per share for Class A common stock and $0.1475 for Class B common stock. The dividends will be paid on August 15, 2022, to stockholders of record by August 1, 2022. The company, an insurance holding entity, operates across 24 states and maintains an A.M. Best rating of A (Excellent). Donegal Group focuses on achieving excellent financial performance, modernizing operations, and enhancing agent and customer experiences.

Positive

• Declaring a quarterly cash dividend of $0.165 per share for Class A and $0.1475 for Class B shows financial stability.
• Dividend payment indicates company confidence in sustained earnings.

Negative

• None.

MARIETTA, Pa., July 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 August 15, 2022 to stockholders of record as of the close of business on August 1, 2022.

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 stock?

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

When is the dividend payment date for Donegal Group?

The dividend payment date is August 15, 2022.

What is the record date to receive the dividend from Donegal Group?

The record date to receive the dividend is August 1, 2022.

How often does Donegal Group pay dividends?

Donegal Group pays dividends quarterly.

What ratings does Donegal Group have?

Donegal Group has an A.M. Best rating of A (Excellent).