Donegal Group, Inc. (NASDAQ:DGICB) Shareholders to Get $0.17 Quarterly Dividend

Donegal Group, Inc. (NASDAQ:DGICB) announced a quarterly dividend on Thursday, October 15th. Investors of record on Monday, November 2nd will be given 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 yield of 3.7%. The ex-dividend date of this dividend is Monday, November 2nd.

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

Donegal Group Price Performance

Shares of NASDAQ:DGICB opened at $19.15 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.05. The stock’s fifty day simple moving average is $21.62 and its two-hundred day simple moving average is $20.74. Donegal Group has a 1-year low of $15.10 and a 1-year high of $29.99. The stock has a market cap of $710.85 million, a PE ratio of 10.91 and a beta of 0.01.

Donegal Group (NASDAQ:DGICB) last posted its quarterly earnings data on Thursday, July 30th. The insurance provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. Donegal Group had a net margin of 7.38% and a return on equity of 10.65%. The firm had revenue of $232.25 million for the quarter, compared to the consensus estimate of $231.53 million.

Donegal Group Company Profile

Donegal Group Inc is an insurance holding company that provides property and casualty insurance through its insurance subsidiaries. The company primarily serves individuals, families, farmers, and businesses through a network of independent insurance agents.

Its products generally include personal automobile, homeowners, farmowners, and other personal insurance policies, along with commercial automobile, commercial property, businessowners, workers’ compensation, and related commercial coverage.