Donegal Group, Inc. (NASDAQ:DGICB) Declares $0.17 Quarterly Dividend

Donegal Group, Inc. (NASDAQ:DGICB) declared a quarterly dividend on Thursday, July 16th. Shareholders of record on Friday, July 31st will be paid a dividend of 0.175 per share by the insurance provider on Friday, August 14th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, July 31st.

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

Donegal Group Price Performance

DGICB opened at $23.28 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.39 and a quick ratio of 0.39. The company has a market capitalization of $862.52 million, a price-to-earnings ratio of 13.78 and a beta of 0.04. The firm’s fifty day moving average price is $20.73 and its two-hundred day moving average price is $18.34. Donegal Group has a 1 year low of $13.84 and a 1 year high of $29.99.

Donegal Group (NASDAQ:DGICB) last announced its earnings results on Thursday, April 30th. The insurance provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.15). The firm had revenue of $236.00 million during the quarter, compared to analysts’ expectations of $247.83 million. Donegal Group had a net margin of 6.77% and a return on equity of 10.31%.

About Donegal Group

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.