Donegal Group, Inc. (NASDAQ:DGICA) to Issue $0.19 Quarterly Dividend

Donegal Group, Inc. (NASDAQ:DGICAGet Free Report) announced a quarterly dividend on Thursday, July 16th. Investors of record on Friday, July 31st will be paid a dividend of 0.1925 per share by the insurance provider on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 4.1%. 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 raised its dividend annually for the last 5 consecutive years. Donegal Group has a payout ratio of 38.5% meaning its dividend is sufficiently covered by earnings. Equities research 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 Trading Up 3.3%

Shares of NASDAQ:DGICA opened at $18.62 on Friday. The business’s 50 day simple moving average is $17.79 and its 200 day simple moving average is $17.95. Donegal Group has a 1 year low of $16.11 and a 1 year high of $21.06. 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 $689.87 million and a P/E ratio of 10.40.

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

About Donegal Group

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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.

Further Reading

Dividend History for Donegal Group (NASDAQ:DGICA)

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