Donegal Group Inc. Announces Quarterly Dividend
Donegal Group declared a quarterly cash dividend of $0.16 per share for Class A common stock and $0.1425 per share for Class B common stock.
Sentiment and the balance of points
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Rhea-AI Summary
Donegal Group declared a quarterly cash dividend of $0.16 per share for Class A common stock and $0.1425 per share for Class B common stock. These dividends are set to be paid on August 16, 2021, to shareholders of record by the close of business on August 2, 2021. Operating in 24 states, Donegal Group's insurance subsidiaries are rated A (Excellent) by A.M. Best. The company is focused on achieving sustained financial performance, modernizing operations, and enhancing the customer experience.
Positive
- Declared a quarterly cash dividend of $0.16 for Class A and $0.1425 for Class B shares.
- Dividends paid on August 16, 2021, indicating ongoing profitability.
Negative
- None.
Details
News Market Reaction – DGICA
The recorded move for DGICA in the trading session of this news was +1.78%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MARIETTA, Pa., July 15, 2021 (GLOBE NEWSWIRE) -- Donegal Group Inc. (NASDAQ:DGICA) and (NASDAQ:DGICB), 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, reported today that its board of directors declared a regular quarterly cash dividend of
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 achieving sustained excellent financial performance, strategically modernizing our operations and processes to transform our business, capitalizing on opportunities to grow profitably and delivering a superior experience to our agents and customers.
For Further Information:
Jeffrey D. Miller
Executive Vice President and Chief Financial Officer
Phone: (717) 426-1931
E-mail: investors@donegalgroup.com
Adam Prior
Senior Vice President, The Equity Group Inc.
Phone: (212) 836-9606
E-mail: aprior@equityny.com
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