Donegal Group Inc. Increases Quarterly Dividend
April 18 2019 - 11:00AM
Donegal Group Inc. (NASDAQ: DGICA and DGICB) reported that its
board of directors declared a regular quarterly cash dividend of
$.145 per share of the Company’s Class A common stock and $.1275
per share of the Company’s Class B common stock. The
dividends are payable on May 15, 2019 to stockholders of record as
of the close of business on May 1, 2019. These dividends
represent percentage increases of 1.8% for the Company’s Class A
common stock and 2.0% 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 20 Mid-Atlantic, Midwestern, New
England and Southern states. Donegal Mutual Insurance Company
and the insurance subsidiaries of Donegal Group Inc. 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 the NASDAQ Global Select Market under the symbols DGICA
and DGICB, respectively. Donegal Group Inc. is focused on several
primary strategies, including improving its financial performance,
utilizing technology to improve its operational efficiency,
strategically modernizing its business in order to achieve
operational excellence and enhancing its market position to compete
effectively.
For Further Information:Jeffrey D. Miller Executive Vice
President & Chief Financial OfficerPhone: (717)
426-1931E-mail: investors@donegalgroup.com
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