Donegal Group, Inc. (DGICB) to Distribute Quarterly Dividend of $0.17 on November 16th

Donegal Group, Inc. (NASDAQ:DGICB) declared a quarterly dividend on Thursday, October 15th. Stockholders of record on Monday, November 2nd will be paid a dividend of $0.1750 per share by the insurance provider on Monday, November 16th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, November 2nd.

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

Donegal Group Trading Up 5.4%

Shares of Donegal Group stock opened at $24.99 on Friday. The firm has a market cap of $927.60 million, a price-to-earnings ratio of 14.53 and a beta of 0.01. Donegal Group has a 52-week low of $15.10 and a 52-week high of $29.99. The company’s 50-day simple moving average is $21.35 and its 200-day simple moving average is $19.69. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.05.

Donegal Group (NASDAQ:DGICB) last announced its quarterly earnings data on Thursday, October 29th. The insurance provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. Donegal Group had a net margin of 7.24% and a return on equity of 10.49%. The firm had revenue of $209.73 million during the quarter, compared to the consensus estimate of $214.12 million.

Donegal Group Company Profile

Donegal Group Inc is an insurance holding company headquartered in Marietta, Pennsylvania. Established in 1986, the company operates through regional property and casualty insurance subsidiaries and is affiliated with Donegal Mutual Insurance Company.

Donegal Group provides a range of personal, commercial, and agricultural insurance products. Its offerings generally include private passenger automobile, homeowners, commercial automobile, commercial property, business liability, workers’ compensation, and farm insurance.

The company distributes its policies primarily through independent insurance agencies and serves policyholders across multiple states in the Mid-Atlantic, Midwestern, and Southern regions of the United States.