Donegal Group Inc. Declares Quarterly Dividend of $0.17 (NASDAQ:DGICA)

Donegal Group Inc. (NASDAQ:DGICA) announced a quarterly dividend on Thursday, July 18th, Zacks reports. Shareholders of record on Thursday, August 1st will be paid a dividend of 0.172 per share by the insurance provider on Thursday, August 15th. This represents a $0.69 annualized dividend and a yield of 4.60%. The ex-dividend date is Thursday, August 1st.

Donegal Group has raised its dividend by an average of 4.3% per year over the last three years and has raised its dividend every year for the last 20 years. Donegal Group has a payout ratio of 66.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Donegal Group to earn $0.65 per share next year, which means the company may not be able to cover its $0.69 annual dividend with an expected future payout ratio of 106.2%.

Donegal Group Trading Up 0.9 %

Shares of NASDAQ DGICA opened at $14.97 on Wednesday. Donegal Group has a 1-year low of $12.26 and a 1-year high of $15.30. The business’s 50 day moving average is $13.25 and its two-hundred day moving average is $13.70. The stock has a market capitalization of $499.85 million, a P/E ratio of 93.56 and a beta of -0.05. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.39 and a quick ratio of 0.39.

Donegal Group (NASDAQ:DGICA) last announced its quarterly earnings results on Thursday, July 25th. The insurance provider reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. The firm had revenue of $246.77 million during the quarter, compared to analyst estimates of $243.00 million. Donegal Group had a return on equity of 0.90% and a net margin of 0.76%. As a group, research analysts expect that Donegal Group will post 0.35 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Donegal Group from a “hold” rating to a “buy” rating in a report on Friday, April 26th.

Donegal Group Company Profile

Donegal Group Inc, an insurance holding company, provides property and casualty insurance to businesses and individuals. It operates through three 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; and homeowners policies, which provide coverage for damage to residences and their contents from a range of perils, including fire, lightning, windstorm, and theft, as well as liability of the insured arising from injury to other persons or their property.