Donegal Group Inc. Announces Quarterly Dividend
Donegal Group Inc. (NASDAQ:DGICA, DGICB) declared a quarterly cash dividend of $0.165 per share for Class A common stock and $0.1475 per share for Class B common stock.
Sentiment and the balance of points
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Rhea-AI Summary
Donegal Group Inc. (NASDAQ:DGICA, DGICB) declared a quarterly cash dividend of $0.165 per share for Class A common stock and $0.1475 per share for Class B common stock. The dividends are scheduled for payment on February 15, 2023, to stockholders on record as of February 1, 2023. Donegal Group operates as an insurance holding company, offering commercial and personal property and casualty insurance in 24 states. It holds an A.M. Best rating of A (Excellent), focusing on sustained financial performance and operational modernization.
Positive
- Quarterly dividend of $0.165 for Class A shares and $0.1475 for Class B shares boosts shareholder income.
- Company maintains A.M. Best rating of A (Excellent), indicating strong financial health.
Negative
- None.
Details
News Market Reaction – DGICA
The recorded move for DGICA in the trading session of this news was -3.34%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MARIETTA, Pa., Dec. 15, 2022 (GLOBE NEWSWIRE) -- Donegal Group Inc. (NASDAQ:DGICA) and (NASDAQ:DGICB) reported today that its board of directors declared a regular quarterly cash dividend of
About Donegal Group Inc.
Donegal Group Inc. is an insurance holding company whose insurance subsidiaries and affiliates offer commercial and personal 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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