Donegal Group, Inc. (NASDAQ:DGICB) Announces $0.17 Quarterly Dividend

Donegal Group, Inc. (NASDAQ:DGICB) announced a quarterly dividend on Thursday, July 16th. Investors of record on Friday, July 31st will be paid a dividend of 0.175 per share by the insurance provider on Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, July 31st.

Donegal Group has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Donegal Group has a dividend payout ratio of 35.0% meaning its dividend is sufficiently covered by earnings.

Donegal Group Stock Down 10.8%

Shares of NASDAQ:DGICB opened at $23.28 on Friday. The company has a market capitalization of $862.52 million, a price-to-earnings ratio of 13.78 and a beta of 0.04. Donegal Group has a 12-month low of $13.84 and a 12-month high of $29.99. The business has a 50-day moving average price of $20.73 and a 200 day moving average price of $18.34. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.05.

Donegal Group (NASDAQ:DGICB) last posted its earnings results on Thursday, April 30th. The insurance provider reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.15). The company had revenue of $236.00 million during the quarter, compared to analyst estimates of $247.83 million. Donegal Group had a net margin of 6.77% and a return on equity of 10.31%.

About Donegal Group

Donegal Group Inc, an insurance holding company, provides personal and commercial lines of property and casualty insurance to businesses and individuals in the Mid-Atlantic, Midwestern, New England, and southern states. It operates through four segments: Investment Function, Personal Lines of Insurance, and Commercial Lines of Insurance. The company offers private passenger automobile policies that provide protection against liability for bodily injury and property damage arising from automobile accidents, as well as protection against loss from damage to automobiles.