Donegal Group Inc. Announces Increase in Quarterly Dividend
Donegal Group has announced a quarterly cash dividend of $0.17 per share for Class A stock and $0.1525 for Class B stock, payable on May 15, 2023, to shareholders of record as of May 1, 2023.
Sentiment and the balance of points
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Rhea-AI Summary
Donegal Group has announced a quarterly cash dividend of $0.17 per share for Class A stock and $0.1525 for Class B stock, payable on May 15, 2023, to shareholders of record as of May 1, 2023. This represents a 3.0% increase for Class A and a 3.4% increase for Class B compared to the last dividend rates. The company operates across 24 states through its insurance subsidiaries, offering property and casualty insurance. Donegal Group has an A.M. Best rating of A (Excellent) and focuses on enhancing financial performance and modernizing operations.
Positive
- Quarterly dividend declared: $0.17 (Class A), $0.1525 (Class B).
- 3.0% increase for Class A dividend, 3.4% for Class B.
- Strong A.M. Best rating of A (Excellent) for insurance subsidiaries.
Negative
- None.
Details
News Market Reaction – DGICA
The recorded move for DGICA in the trading session of this news was +1.96%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MARIETTA, Pa., April 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
These dividends represent percentage increases of
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 24 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
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