Donegal Group Inc. Announces Quarterly Dividend

Rhea-AI Summary

Donegal Group Inc. (NASDAQ: DGICA and DGICB) has announced its regular quarterly cash dividend. The board of directors 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 August 15, 2024, to stockholders of record as of the close of business on August 1, 2024. This announcement demonstrates Donegal Group's commitment to providing regular returns to its shareholders, maintaining its dividend policy despite current market conditions.

Positive

• Consistent quarterly dividend payment indicates financial stability
• Dividend provides regular income for shareholders

Negative

• None.

MARIETTA, Pa., July 18, 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 August 15, 2024 to stockholders of record as of the close of business on August 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 23 Mid-Atlantic, Midwestern, New England, 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 shares?

Donegal Group Inc. (DGICA) declared a quarterly dividend of $0.1725 per share for Class A common stock.

When is the dividend payment date for Donegal Group Inc. (DGICA)?

The dividend payment date for Donegal Group Inc. (DGICA) is August 15, 2024.

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

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

How often does Donegal Group Inc. (DGICA) pay dividends?

Donegal Group Inc. (DGICA) pays dividends quarterly, as indicated by the announcement of a regular quarterly cash dividend.