Donegal Inc logo

DGICB - Donegal Inc News Story

$14.88 0.0  0.0%

Last Trade - 03/05/21

Small Cap
Market Cap £324.0m
Enterprise Value £279.1m
Revenue £568.9m
Position in Universe 3654th / 6849

Donegal Group Inc. Announces Increase in Quarterly Dividend

Thu 15th April, 2021 3:30pm
For best results when printing this announcement, please click on link below:

MARIETTA, Pa., April 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 $0.16 per share of the Company’s Class A
common stock and $0.1425 per share of the Company’s Class B common stock.
The dividends are payable on May 17, 2021 to stockholders of record as of the
close of business on May 3, 2021.

These dividends represent percentage increases of 6.7% for the Company’s
Class A common stock and 7.5% for the Company’s Class B common stock
compared to the previous quarterly cash dividend rates.

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

Adam Prior
Senior Vice President, The Equity Group Inc. 
Phone: (212) 836-9606 

GlobeNewswire, Inc. 2021
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.