Donegal Group, Inc. (NASDAQ:DGICB) Shareholders to Receive $0.17 Quarterly Dividend

Donegal Group, Inc. (NASDAQ:DGICB) declared a quarterly dividend on Thursday, October 15th. Stockholders of record on Monday, November 2nd will be given a dividend of $0.1750 per share by the insurance provider on Monday, November 16th. This represents a $0.70 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Monday, November 2nd.

Donegal Group has a dividend payout ratio of 35.0% meaning its dividend is sufficiently covered by earnings.

Donegal Group Stock Up 1.4%

DGICB stock opened at $19.15 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market capitalization of $710.85 million, a price-to-earnings ratio of 10.76 and a beta of 0.01. Donegal Group has a fifty-two week low of $15.10 and a fifty-two week high of $29.99. The stock has a fifty day moving average of $21.62 and a 200-day moving average of $20.74.

Donegal Group (NASDAQ:DGICB) last announced its quarterly earnings data on Thursday, July 30th. The insurance provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.07. Donegal Group had a return on equity of 10.65% and a net margin of 7.38%. The company had revenue of $232.25 million during the quarter, compared to analyst estimates of $231.53 million.

Donegal Group Company Profile

Donegal Group Inc is an insurance holding company that provides property and casualty insurance through its insurance subsidiaries. The company primarily serves individuals, families, farmers, and businesses through a network of independent insurance agents.

Its products generally include personal automobile, homeowners, farmowners, and other personal insurance policies, along with commercial automobile, commercial property, businessowners, workers’ compensation, and related commercial coverage.