Donegal Group Inc. Announces Quarterly Dividend

Rhea-AI Summary

Donegal Group Inc. declares regular quarterly cash dividends of $0.17 per share of Class A common stock and $0.1525 per share of Class B common stock.

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• Donegal Group Inc. declares regular quarterly cash dividends of $0.17 per share of Class A common stock and $0.1525 per share of Class B common stock.

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• None.

MARIETTA, Pa., July 20, 2023 (GLOBE NEWSWIRE) -- Donegal Group Inc. (NASDAQ:DGICA) and (NASDAQ:DGICB) reported today that its board of directors declared a regular quarterly cash dividend of $0.17 per share of the Company’s Class A common stock and $0.1525 per share of the Company’s Class B common stock. The dividends are payable on August 15, 2023 to stockholders of record as of the close of business on August 1, 2023.

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 declared by Donegal Group Inc.?

Donegal Group Inc. declared a regular quarterly cash dividend of $0.17 per share of Class A common stock and $0.1525 per share of Class B common stock.

When will the dividends be payable?

The dividends will be payable on August 15, 2023.

Who will receive the dividends?

The dividends will be paid to stockholders of record as of the close of business on August 1, 2023.