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. This dividend is payable on November 15, 2022, to stockholders of record as of November 1, 2022. The company, which operates in the insurance sector across 24 states, aims for sustained financial performance and operational modernization. Donegal Group holds an A.M. Best rating of A (Excellent), indicating strong creditworthiness.

Positive

• Quarterly cash dividends enhance shareholder income.
• Strong A.M. Best rating suggests company stability and reliability.

Negative

• None.

MARIETTA, Pa., Oct. 20, 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 November 15, 2022 to stockholders of record as of the close of business on November 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 stocks?

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

When will the dividends for Donegal Group be paid?

The dividends will be paid on November 15, 2022.

What is the record date for Donegal Group's dividends?

The record date for the dividends is November 1, 2022.

What is Donegal Group's A.M. Best rating?

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

What is the significance of Donegal Group's dividend announcement?

The dividend announcement indicates the company's commitment to returning value to shareholders and reflects its financial health.