Donegal Group Inc. Announces Quarterly Dividend
Donegal Group has announced a quarterly cash dividend of $0.15 per share for Class A common stock and $0.1325 for Class B common stock. The dividends are set for payment on November 16, 2020, with a record date of November 2, 2020. This decision reflects the company’s focus on enhancing financial performance and operational efficiency within the insurance sector, offering property and casualty insurance across 20 states. Donegal Group holds an A.M. Best rating of A (Excellent), reflecting its strong market position.
- Quarterly cash dividends of $0.15 and $0.1325 provide income to shareholders.
- Strong A.M. Best rating of A (Excellent) indicates financial stability.
- None.
MARIETTA, Pa., Oct. 15, 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 November 16, 2020 to stockholders of record as of the close of business on November 2, 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.
CONTACT: Jeffrey D. Miller
Executive Vice President & Chief Financial Officer
Phone: (717) 426-1931
E-mail: investors@donegalgroup.com
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