Donegal Group, Inc. (DGICB) To Go Ex-Dividend on May 1st

Donegal Group, Inc. (NASDAQ:DGICB) announced a quarterly dividend on Thursday, April 16th. Stockholders of record on Friday, May 1st will be paid a dividend of 0.175 per share by the insurance provider on Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, May 1st. This is a 6.1% increase from Donegal Group’s previous quarterly dividend of $0.17.

Donegal Group has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 5 years. Donegal Group has a payout ratio of 35.0% indicating that its dividend is sufficiently covered by earnings.

Donegal Group Stock Down 3.6%

Shares of DGICB opened at $19.04 on Wednesday. Donegal Group has a 52 week low of $13.84 and a 52 week high of $20.46. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $704.48 million, a price-to-earnings ratio of 9.29 and a beta of 0.04. The stock’s 50-day moving average price is $17.03 and its 200-day moving average price is $16.57.

Donegal Group (NASDAQ:DGICB) last issued its earnings results on Thursday, February 19th. The insurance provider reported $0.46 EPS for the quarter. Donegal Group had a return on equity of 12.81% and a net margin of 8.11%.The firm had revenue of $241.87 million for the quarter.

Donegal Group Company Profile

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.