Donegal Group Inc. Announces Quarterly Dividend

Rhea-AI Summary

Donegal Group Inc. (NASDAQ: DGICA) has announced a quarterly cash dividend of $0.15 per share for Class A common stock and $0.1325 for Class B common stock. This dividend is payable on August 17, 2020, to shareholders on record as of the close of business on August 3, 2020. The company, which operates as Donegal Insurance Group, offers a range of personal and commercial property and casualty insurance across 20 states and holds an A.M. Best rating of A (Excellent).

Positive

• Quarterly cash dividend of $0.15 for Class A and $0.1325 for Class B stock improves shareholder income.
• Company maintains an A.M. Best rating of A (Excellent), indicating strong financial health.

Negative

• None.

MARIETTA, Pa., July 16, 2020 (GLOBE NEWSWIRE) -- Donegal Group Inc. (NASDAQ:DGICA) and (NASDAQ:DGICB) reported that its board of directors declared a regular quarterly cash dividend of $.15 per share of the Company’s Class A common stock and $.1325 per share of the Company’s Class B common stock. The dividends are payable on August 17, 2020 to stockholders of record as of the close of business on August 3, 2020.

Donegal Group Inc. is an insurance holding company whose insurance subsidiaries offer personal and commercial property and casualty lines of insurance in 20 Mid-Atlantic, Midwestern, New England and Southern states. 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 improving our financial performance, utilizing technology to improve our operational efficiency, strategically modernizing our business in order to achieve operational excellence and enhancing our market position to compete effectively.

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

FAQ

What is the dividend payout date for DGICA?

The dividend payout date for DGICA is August 17, 2020.

How much is the dividend for DGICA Class A and Class B stocks?

The dividend for Class A is $0.15 per share, and for Class B, it is $0.1325 per share.

Who qualifies for the dividend payment from DGICA?

Stockholders of record as of the close of business on August 3, 2020, qualify for the dividend payment.

What does Donegal Group Inc. specialize in?

Donegal Group Inc. specializes in personal and commercial property and casualty insurance.

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

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