Donegal Group, Inc. (NASDAQ:DGICB) Plans Quarterly Dividend of $0.18

Key Points

• Donegal declared a quarterly dividend of $0.175 per share, payable on May 15 to investors of record on May 1, implying a 3.8% yield and a 6.1% increase from the prior quarterly payout.
• The dividend appears well supported—Donegal has raised its payout each year for the last five years and has a dividend payout ratio of 33.0%, indicating coverage by earnings.
• Recent company and stock metrics: Donegal reported $0.46 EPS for the latest quarter with revenue of $241.87 million, a market cap of $690.05 million and a PE ratio of 9.10, while shares trade near $18.65 (one-year range $13.84–$20.46) and have a low beta of 0.04.

Donegal Group, Inc. (NASDAQ:DGICB - Get Free Report) declared a quarterly dividend on Thursday, April 16th. Investors of record on Friday, May 1st will be paid a dividend of 0.175 per share by the insurance provider on Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, May 1st. This is a 6.1% increase from Donegal Group's previous quarterly dividend of $0.17.

Donegal Group has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 5 years. Donegal Group has a dividend payout ratio of 33.0% indicating that its dividend is sufficiently covered by earnings.

Donegal Group Stock Performance

Shares of DGICB stock traded up $0.48 during trading on Thursday, reaching $18.65. The company had a trading volume of 1,911 shares, compared to its average volume of 4,849. The firm's 50 day simple moving average is $16.68 and its two-hundred day simple moving average is $16.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.39 and a quick ratio of 0.39. Donegal Group has a one year low of $13.84 and a one year high of $20.46. The company has a market capitalization of $690.05 million, a PE ratio of 9.10 and a beta of 0.04.

Donegal Group (NASDAQ:DGICB - Get Free Report) last issued its quarterly earnings data on Thursday, February 19th. The insurance provider reported $0.46 earnings per share for the quarter. Donegal Group had a return on equity of 12.81% and a net margin of 8.11%.The business had revenue of $241.87 million for the quarter.

Donegal Group Company Profile

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.

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