Donegal Group Inc. Announces Increase in Quarterly Dividend

Rhea-AI Summary

Donegal Group (NASDAQ: DGICA, DGICB) has announced an increase in its quarterly cash dividend payments. The company's board of directors declared dividends of $0.1825 per share for Class A common stock and $0.165 per share for Class B common stock, representing increases of 5.8% and 6.5% respectively from previous quarterly rates. The dividends will be paid on May 15, 2025, to stockholders of record as of the close of business on May 1, 2025.

Positive

• Quarterly dividend increased by 5.8% for Class A shares
• Quarterly dividend increased by 6.5% for Class B shares
• Demonstrates company's financial strength and commitment to shareholder returns

Negative

• None.

MARIETTA, Pa., April 17, 2025 (GLOBE NEWSWIRE) -- Donegal Group Inc. (NASDAQ:DGICA) and (NASDAQ:DGICB) reported today that its board of directors declared a regular quarterly cash dividend of $0.1825 per share of the Company’s Class A common stock and $0.165 per share of the Company’s Class B common stock. The dividends are payable on May 15, 2025 to stockholders of record as of the close of business on May 1, 2025.

These dividends represent percentage increases of 5.8% for the Company’s Class A common stock and 6.5% for the Company’s Class B common stock compared to the previous quarterly cash dividend rates.

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 21 Mid-Atlantic, Midwestern, 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 providing superior experiences to its agents, customers and employees.

Investor Relations Contact

Karin Daly
Vice President, The Equity Group Inc.
Phone: (212) 836-9623
E-mail: kdaly@equityny.com

FAQ

What is the new quarterly dividend amount for Donegal Group (DGICA) Class A shares?

The new quarterly dividend for Donegal Group Class A shares is $0.1825 per share, representing a 5.8% increase.

When will Donegal Group (DGICA) pay its next dividend?

Donegal Group will pay its next dividend on May 15, 2025, to stockholders of record as of May 1, 2025.

How much did Donegal Group increase its dividend for Class B shares?

Donegal Group increased its Class B shares dividend by 6.5% to $0.165 per share.

What is the dividend record date for Donegal Group's (DGICA) May 2025 payment?

The dividend record date is May 1, 2025, at the close of business.