Donegal Group Inc. Announces Quarterly Dividend

Rhea-AI Summary

Donegal Group Inc. (NASDAQ:DGICA, DGICB) has declared a regular quarterly cash dividend of $0.16 per share for Class A common stock and $0.1425 for Class B common stock. The dividends are set to be paid on February 15, 2022, to stockholders of record by February 1, 2022. The company's insurance subsidiaries operate as the Donegal Insurance Group, boasting an A.M. Best rating of A (Excellent), and focus on sustained financial performance and operational modernization.

Positive

• Quarterly cash dividend of $0.16 for Class A and $0.1425 for Class B, indicating strong cash flow.
• A.M. Best rating of A (Excellent) reflects financial stability and credibility.

Negative

• None.

MARIETTA, Pa., Dec. 16, 2021 (GLOBE NEWSWIRE) -- Donegal Group Inc. (NASDAQ:DGICA) and (NASDAQ:DGICB), an insurance holding company whose insurance subsidiaries and affiliates offer property and casualty lines of insurance in 24 Mid-Atlantic, Midwestern, New England, Southern and Southwestern states, reported today that its board of directors declared a regular quarterly cash dividend of $0.16 per share of its Class A common stock and $0.1425 per share of its Class B common stock. The dividends are payable on February 15, 2022 to stockholders of record as of the close of business on February 1, 2022.

Donegal Mutual Insurance Company and the insurance subsidiaries of Donegal Group Inc. conduct business together 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. We are focused on several primary strategies, including achieving sustained excellent financial performance, strategically modernizing our operations and processes to transform our business, capitalizing on opportunities to grow profitably and delivering a superior experience to our agents and customers.

For Further Information:

Jeffrey D. Miller
Executive Vice President and Chief Financial Officer
Phone: (717) 426-1931
E-mail: investors@donegalgroup.com

Adam Prior
Senior Vice President, The Equity Group Inc.

Phone: (212) 836-9606
E-mail: aprior@equityny.com

FAQ

What is the dividend amount declared by Donegal Group Inc. for DGICA and DGICB?

Donegal Group Inc. has declared a dividend of $0.16 per share for Class A (DGICA) and $0.1425 per share for Class B (DGICB).

When will the dividends for DGICA and DGICB be paid?

The dividends will be paid on February 15, 2022.

What is the record date for the dividends of Donegal Group Inc. stock?

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

What rating does Donegal Insurance Group have from A.M. Best?

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

How does Donegal Group Inc. plan to achieve financial performance?

The company aims to achieve sustained financial performance through operational modernization and profitable growth.