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

Donegal Group, Inc. (NASDAQ:DGICA) 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) dividend on an annualized basis and a dividend yield of 4.1%. 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 increased 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

DGICA opened at $18.62 on Friday. The business has a fifty day moving average of $17.79 and a 200 day moving average of $17.95. Donegal Group has a 52-week low of $16.11 and a 52-week high of $21.06. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.05. The stock has a market cap of $689.87 million and a P/E ratio of 10.40.

Donegal Group (NASDAQ:DGICA) last announced its quarterly earnings data on Thursday, April 30th. The insurance provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.08). Donegal Group had a net margin of 6.77% and a return on equity of 10.31%. The business had revenue of $236.00 million during the quarter, compared to the consensus estimate of $247.83 million. As a group, sell-side analysts anticipate that Donegal Group will post 1.75 EPS for the current year.

Donegal Group Company Profile

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.