Donegal Group Inc. Announces Quarterly Dividend

Rhea-AI Summary

Donegal Group announced a quarterly cash dividend of $0.16 per share for Class A common stock and $0.1425 for Class B common stock. The dividends are payable on November 15, 2021, to stockholders on record as of November 1, 2021. The company, operating in 24 states, maintains an A.M. Best rating of A (Excellent) for its insurance subsidiaries. Donegal is focused on exceptional financial performance, operational modernization, and profitable growth, alongside delivering superior service to agents and customers.

Positive

• Quarterly dividend of $0.16 and $0.1425 per share provides income for shareholders.
• Maintains an A.M. Best rating of A (Excellent), indicating financial strength.

Negative

• None.

MARIETTA, Pa., Oct. 21, 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 November 15, 2021 to stockholders of record as of the close of business on November 1, 2021.

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 for DGICA and DGICB?

The dividend is $0.16 per share for Class A common stock (DGICA) and $0.1425 for Class B common stock (DGICB).

When is the dividend payment date for Donegal Group?

The dividends are payable on November 15, 2021.

What is the record date for the dividend?

The record date for the dividend is November 1, 2021.

What does Donegal Group focus on for business growth?

Donegal Group focuses on excellent financial performance, operational modernization, and profitable growth.

What is the A.M. Best rating of Donegal Group?

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