Donegal Group, Inc. (NASDAQ:DGICA) Board Authorize Quarterly Dividend

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Donegal Group, Inc. (NASDAQ:DGICA) board of directors declared a regular quarterly cash dividend of $ 0.15 per share of the Class A common stock and $ 0.1325 per share of the Class B common stock.

The dividend will be payable on August 17, 2020, to stockholders of record on August 3, 2020, with an ex-dividend date of July 31, 2020.

Dividends History
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Click Here For More Historical Dividends Of Donegal Group, Inc.

Recent Earnings Announcement

Donegal Group, Inc. unwinded income for the first quarter of $ 0.43 per share, from the revenue of $ 184.91 million. The quarterly earnings elevated 65.38 percent while revenues declined 12.46 percent compared with the same quarter last year.
Street analysts expected Donegal Group, Inc. to report income of $ 0.28 per share on revenue of $ 198.24 million for the first quarter. The bottom line results beat street analysts by $ 0.15 or 53.57 percent, at the same time, top line results fell short of analysts by $ 13.33 million or 6.72 percent.

Stock Performance

According to the previous trading day, closing price of DGICA was $ 13.90, representing a 23.89 % increase from the 52 week low of $ 11.22 and a 14.14 % decrease over the 52 week high of $ 16.19.

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The company has a market capital of $ 392.18 million and is part of the Financial Services sector and Insurance – Property & Casualty industry.

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, Commercial Lines of Insurance, and Investment in DFSC. 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.