Donegal Group Inc. Raises Quarterly Dividends

By Tamara Parker • Thursday, April 18 15:22 • Permanent Link

Donegal Group Inc. (NASDAQ:DGICA) and (NASDAQ:DGICB) has announced an increase in its regular quarterly cash dividends for both its Class A and Class B common stock. The company's board of directors declared a dividend of $0.1725 per share for Class A common stock and $0.155 per share for Class B common stock, payable on May 22, 2024, to stockholders of record as of May 8, 2024.

These dividends represent percentage increases of 1.5% for Class A common stock and 1.6% for Class B common stock compared to the previous quarterly cash dividend rates. Donegal Group Inc. is an insurance holding company offering property and casualty lines of insurance in 23 states.

The company's primary strategies include achieving sustained excellent financial performance, modernizing its operations and processes, capitalizing on profitable growth opportunities, and delivering a superior experience to its agents and customers. Donegal Group Inc. is focused on maintaining its A.M. Best rating of A (Excellent) and trades on the NASDAQ Global Select Market under the symbols DGICA and DGICB. As a result of these announcements, the company's shares have moved 1.4% on the market, and are now trading at a price of $13.57. Check out the company's full 8-K submission here.

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