Donegal Group Inc. Increases Quarterly Dividend
April 17 2014 - 3:30PM
Donegal Group Inc. (Nasdaq:DGICA) (Nasdaq:DGICB) reported that its
board of directors declared a regular quarterly cash dividend of
$.1315 per share of the Company's Class A common stock and $.1160
per share of the Company's Class B common stock. The dividends are
payable on May 15, 2014 to stockholders of record as of the close
of business on May 1, 2014. These dividends represent percentage
increases of 3.1% for the Company's Class A common stock and 0.9%
for the Company's Class B common stock compared to the previous
quarterly cash dividend rates.
Donegal Group Inc. is an insurance holding company whose
insurance subsidiaries offer personal and commercial property and
casualty lines of insurance in 22 Mid-Atlantic, Midwestern, New
England and Southern states. The insurance subsidiaries of Donegal
Group Inc. and Donegal Mutual Insurance Company conduct business
together as the Donegal Insurance Group. The Donegal Insurance
Group has an A.M. Best rating of A (Excellent).
The Company's Class A common stock and Class B common stock
trade on NASDAQ under the symbols DGICA and DGICB, respectively. As
an effective acquirer of small to medium-sized "main street"
property and casualty insurers, Donegal Group has grown profitably
over the past 25 years. The Company continues to seek opportunities
for growth while striving to achieve its longstanding goal of
outperforming the property and casualty insurance industry in terms
of service, profitability and growth in book value.
CONTACT: For Further Information:
Jeffrey D. Miller
Executive Vice President & Chief Financial Officer
Phone: (717) 426-1931
E-mail: jeffmiller@donegalgroup.com
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