Donegal Group, Inc. (DGICB) to Issue Quarterly Dividend of $0.17 on August 14th

Donegal Group, Inc. (NASDAQ:DGICB) declared a quarterly dividend on Thursday, July 16th. Stockholders of record on Friday, July 31st will be given a dividend of 0.175 per share by the insurance provider on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, July 31st.

Donegal Group has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Donegal Group has a payout ratio of 35.0% indicating that its dividend is sufficiently covered by earnings.

Donegal Group Trading Up 1.2%

NASDAQ:DGICB opened at $21.85 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.39 and a quick ratio of 0.39. The business’s 50-day simple moving average is $21.21 and its 200-day simple moving average is $18.61. Donegal Group has a fifty-two week low of $13.84 and a fifty-two week high of $29.99. The stock has a market capitalization of $809.54 million, a PE ratio of 12.93 and a beta of 0.04.

Donegal Group (NASDAQ:DGICB) last posted its earnings results on Thursday, April 30th. The insurance provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.15). The business had revenue of $236.00 million for the quarter, compared to the consensus estimate of $247.83 million. Donegal Group had a return on equity of 10.31% and a net margin of 6.77%.

About Donegal Group

Donegal Group Inc, an insurance holding company, provides personal and commercial lines of property and casualty insurance to businesses and individuals in the Mid-Atlantic, Midwestern, New England, and southern states. It operates through four segments: Investment Function, Personal Lines of Insurance, and Commercial Lines of Insurance. The company offers private passenger automobile policies that provide protection against liability for bodily injury and property damage arising from automobile accidents, as well as protection against loss from damage to automobiles.