Donegal Group, Inc. (NASDAQ:DGICA – Get Free Report) declared a quarterly dividend on Thursday, October 15th. Stockholders of record on Monday, November 2nd will be given a dividend of $0.1925 per share by the insurance provider on Monday, November 16th. This represents a $0.77 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Monday, November 2nd.
Donegal Group has a dividend payout ratio of 38.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Donegal Group to earn $1.85 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 41.6%.
Donegal Group Price Performance
Shares of NASDAQ:DGICA opened at $18.51 on Friday. The firm has a market cap of $687.09 million, a PE ratio of 9.59 and a beta of -0.03. The firm’s fifty day moving average is $18.71 and its 200-day moving average is $18.16. 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 has a 52 week low of $16.11 and a 52 week high of $21.06.
Donegal Group (NASDAQ:DGICA – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The insurance provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.11. The company had revenue of $241.12 million for the quarter, compared to analysts’ expectations of $231.53 million. Donegal Group had a net margin of 7.38% and a return on equity of 10.65%. Sell-side analysts predict that Donegal Group will post 1.75 earnings per share for the current year.
About Donegal Group
Donegal Group Inc is an insurance holding company that provides property and casualty insurance products to individuals and businesses in the United States. The company operates primarily through its insurance subsidiaries and markets its policies through a network of independent insurance agents.
Its personal insurance offerings include automobile, homeowners, renters, and other residential coverage. Donegal Group also provides commercial products such as commercial automobile, workers’ compensation, businessowners, commercial package, and other property and liability insurance policies.
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