Donegal Group Inc. Announces Quarterly Dividend

Rhea-AI Summary

Donegal Group declared a quarterly cash dividend of $0.16 per share for Class A common stock and $0.1425 per share for Class B common stock. These dividends are set to be paid on August 16, 2021, to shareholders of record by the close of business on August 2, 2021. Operating in 24 states, Donegal Group's insurance subsidiaries are rated A (Excellent) by A.M. Best. The company is focused on achieving sustained financial performance, modernizing operations, and enhancing the customer experience.

Positive

• Declared a quarterly cash dividend of $0.16 for Class A and $0.1425 for Class B shares.
• Dividends paid on August 16, 2021, indicating ongoing profitability.

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• None.

MARIETTA, Pa., July 15, 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 August 16, 2021 to stockholders of record as of the close of business on August 2, 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 Donegal Group's Class A and Class B common stock?

The dividend is $0.16 per share for Class A and $0.1425 per share for Class B.

When will the dividends be paid for DGICA and DGICB?

The dividends will be paid on August 16, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is August 2, 2021.

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

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

In which states does Donegal Group operate?

Donegal Group operates in 24 Mid-Atlantic, Midwestern, New England, Southern, and Southwestern states.