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

Donegal Group, Inc. (NASDAQ:DGICA) announced a quarterly dividend on Thursday, October 15th. Shareholders 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 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Monday, November 2nd.

Donegal Group has a payout ratio of 38.5% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

NASDAQ:DGICA opened at $18.51 on Friday. The company has a market capitalization of $687.09 million, a PE ratio of 9.59 and a beta of -0.03. The company has a 50 day simple moving average of $18.71 and a two-hundred day simple moving average of $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 fifty-two week low of $16.11 and a fifty-two week high of $21.06.

Donegal Group (NASDAQ:DGICA) last issued its quarterly earnings results on Thursday, July 30th. The insurance provider reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.11. The firm had revenue of $241.12 million for the quarter, compared to the consensus estimate of $231.53 million. Donegal Group had a net margin of 7.38% and a return on equity of 10.65%. Research analysts anticipate 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.