Donegal Group Inc. Announces Quarterly Dividend

Rhea-AI Summary

Donegal Group (NASDAQ:DGICA, DGICB) has announced its regular quarterly cash dividend declaration. The company's board of directors approved a dividend of $0.1725 per share for Class A common stock and $0.155 per share for Class B common stock. These dividends will be paid on February 18, 2025, to stockholders of record as of the close of business on February 4, 2025.

Positive

• Regular quarterly dividend maintained, showing financial stability
• Different dividend rates for share classes maintained ($0.1725 for Class A, $0.155 for Class B)

Negative

• None.

MARIETTA, Pa., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Donegal Group Inc. (NASDAQ:DGICA) and (NASDAQ:DGICB) reported today that its board of directors declared a regular quarterly cash dividend of $0.1725 per share of the Company’s Class A common stock and $0.155 per share of the Company’s Class B common stock. The dividends are payable on February 18, 2025 to stockholders of record as of the close of business on February 4, 2025.

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 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

What is the dividend amount for Donegal Group (DGICA) Class A shares in Q1 2025?

Donegal Group's Class A shares (DGICA) will receive a quarterly dividend of $0.1725 per share for Q1 2025.

When is the dividend payment date for Donegal Group (DGICA) Q1 2025 dividend?

The dividend payment date is February 18, 2025.

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

The record date for Donegal Group's dividend is February 4, 2025.

What is the difference between DGICA and DGICB dividend payments for Q1 2025?

Class A shares (DGICA) will receive $0.1725 per share, while Class B shares (DGICB) will receive $0.155 per share, a difference of $0.0175.