Donegal Group Inc. Announces Quarterly Dividend

Rhea-AI Summary

Donegal Group Inc. (NASDAQ:DGICA and NASDAQ:DGICB) has announced its regular quarterly cash dividend. The board of directors has declared a dividend of $0.1725 per share for Class A common stock and $0.155 per share for Class B common stock. These dividends will be paid on November 15, 2024 to stockholders of record as of the close of business on November 1, 2024. This announcement demonstrates Donegal Group's commitment to providing regular returns to its shareholders.

Positive

• Regular quarterly dividend maintained, indicating financial stability
• Dividend payments for both Class A and Class B common stock
• Timely announcement of dividend details, promoting transparency for investors

Negative

• None.

MARIETTA, Pa., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Donegal Group Inc. (NASDAQ:DGICA) and (NASDAQ:DGICB) reported today that its board of directors declared a regular quarterly cash dividend of $0.1725 per share of the Company’s Class A common stock and $0.155 per share of the Company’s Class B common stock. The dividends are payable on November 15, 2024 to stockholders of record as of the close of business on November 1, 2024.

About Donegal Group Inc.

Donegal Group Inc. is an insurance holding company whose insurance subsidiaries and affiliates offer property and casualty lines of insurance in 21 Mid-Atlantic, Midwestern, 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 Inc. (DGICA) Class A common stock?

The dividend amount for Donegal Group Inc. (DGICA) Class A common stock is $0.1725 per share.

When will Donegal Group Inc. (DGICA) pay its next quarterly dividend?

Donegal Group Inc. (DGICA) will pay its next quarterly dividend on November 15, 2024.

What is the record date for Donegal Group Inc.'s (DGICA) upcoming dividend?

The record date for Donegal Group Inc.'s (DGICA) upcoming dividend is November 1, 2024, at the close of business.

Does Donegal Group Inc. (DGICA) pay different dividend amounts for Class A and Class B common stock?

Yes, Donegal Group Inc. (DGICA) pays $0.1725 per share for Class A common stock and $0.155 per share for Class B common stock.