Donegal Group Inc. Increases Quarterly Dividend
April 20 2017 - 09:50AM
Donegal Group Inc. (NASDAQ:DGICA) (NASDAQ:DGICB) reported that its
board of directors declared a regular quarterly cash dividend of
$.14 per share of the Company’s Class A common stock and $.1225 per
share of the Company’s Class B common stock. The dividends
are payable on May 15, 2017 to stockholders of record as of the
close of business on May 1, 2017. These dividends represent
percentage increases of 1.8% for the Company’s Class A common stock
and 2.1% 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 21 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 last three decades. 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 book value growth.
For Further Information:
Jeffrey D. Miller
Executive Vice President & Chief Financial Officer
Phone: (717) 426-1931
E-mail: investors@donegalgroup.com
Donegal (NASDAQ:DGICA)
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