Donegal Group, Inc. (NASDAQ:DGICA) Declares $0.18 Quarterly Dividend

Donegal Group, Inc. (NASDAQ:DGICA) declared a quarterly dividend on Thursday, December 18th. Shareholders of record on Tuesday, February 3rd will be given a dividend of 0.1825 per share by the insurance provider on Tuesday, February 17th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, February 3rd.

Donegal Group has increased its dividend by an average of 0.0%annually 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 36.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Donegal Group to earn $1.40 per share next year, which means the company should continue to be able to cover its $0.73 annual dividend with an expected future payout ratio of 52.1%.

Donegal Group Trading Up 1.2%

Shares of Donegal Group stock opened at $20.95 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.06. The firm has a market cap of $767.65 million, a price-to-earnings ratio of 8.66 and a beta of 0.04. Donegal Group has a twelve month low of $14.17 and a twelve month high of $21.12. The business has a 50-day moving average price of $19.61 and a 200-day moving average price of $18.96.

Donegal Group (NASDAQ:DGICA) last issued its quarterly earnings data on Thursday, October 30th. The insurance provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.15. Donegal Group had a net margin of 8.72% and a return on equity of 14.28%. The business had revenue of $245.92 million during the quarter, compared to analysts’ expectations of $244.19 million. Equities research analysts anticipate that Donegal Group will post 1.2 EPS for the current fiscal year.

Donegal Group Company Profile

Donegal Group Inc, an insurance holding company, provides property and casualty insurance to businesses and individuals. It operates through three 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; and homeowners policies, which provide coverage for damage to residences and their contents from a range of perils, including fire, lightning, windstorm, and theft, as well as liability of the insured arising from injury to other persons or their property.