Donegal Group, Inc. (DGICA) To Go Ex-Dividend on July 31st

Donegal Group, Inc. (NASDAQ:DGICAGet Free Report) declared a quarterly dividend on Thursday, July 16th. Stockholders of record on Friday, July 31st will be given a dividend of 0.1925 per share by the insurance provider on Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend 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 raised its dividend annually for the last 5 consecutive years. Donegal Group has a payout ratio of 38.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Donegal Group to earn $1.90 per share next year, which means the company should continue to be able to cover its $0.77 annual dividend with an expected future payout ratio of 40.5%.

Donegal Group Price Performance

Shares of Donegal Group stock opened at $19.20 on Wednesday. The firm has a market cap of $711.36 million and a P/E ratio of 10.73. The firm’s 50-day simple moving average is $18.03 and its 200-day simple moving average is $17.89. Donegal Group has a twelve month low of $16.11 and a twelve month high of $21.06. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.39 and a current ratio of 0.39.

Donegal Group (NASDAQ:DGICAGet Free Report) last posted its quarterly earnings results on Thursday, April 30th. The insurance provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.08). The business had revenue of $236.00 million during the quarter, compared to analyst estimates of $247.83 million. Donegal Group had a return on equity of 10.31% and a net margin of 6.77%. As a group, research analysts expect that Donegal Group will post 1.75 EPS for the current fiscal year.

Donegal Group Company Profile

(Get Free Report)

Donegal Group, Inc (NASDAQ: DGICA) is a property and casualty insurance holding company headquartered in Marietta, Pennsylvania. Through a network of independent agencies, the company offers a suite of personal and commercial insurance products. Its underwriting subsidiaries provide homeowners, automobile, farmowner, commercial multi-peril, surety and umbrella coverages designed to meet the needs of individuals, families and businesses.

The company’s origins date back to 1925 with the formation of Donegal Mutual Insurance Company to serve rural communities in Pennsylvania.

See Also

Dividend History for Donegal Group (NASDAQ:DGICA)

Receive News & Ratings for Donegal Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Donegal Group and related companies with MarketBeat.com's FREE daily email newsletter.