Donegal Group, Inc. (NASDAQ:DGICA) Shares to Pay Quarterly Dividend of $0.19

Donegal Group, Inc. (NASDAQ:DGICA) announced a quarterly dividend on Thursday, October 15th. Shareholders of record on Monday, November 2nd will be given a dividend of $0.1925 per share by the insurance provider on Monday, November 16th. This represents a $0.77 annualized dividend and a yield of 4.2%. The ex-dividend date is Monday, November 2nd.

Donegal Group has a dividend payout ratio of 38.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Donegal Group to earn $1.85 per share next year, which means the company should continue to be able to cover its $0.77 annual dividend with an expected future payout ratio of 41.6%.

Donegal Group Stock Up 1.8%

NASDAQ DGICA opened at $18.51 on Friday. The business has a fifty day moving average price of $18.71 and a two-hundred day moving average price of $18.16. The stock has a market capitalization of $687.09 million, a PE ratio of 9.59 and a beta of -0.03. Donegal Group has a fifty-two week low of $16.11 and a fifty-two week high of $21.06. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.39 and a quick ratio of 0.39.

Donegal Group (NASDAQ:DGICA) last issued its quarterly earnings results on Thursday, July 30th. The insurance provider reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.11. Donegal Group had a return on equity of 10.65% and a net margin of 7.38%. The company had revenue of $241.12 million for the quarter, compared to analyst estimates of $231.53 million. Equities analysts expect that Donegal Group will post 1.75 earnings per share for the current fiscal year.

Donegal Group Company Profile

Donegal Group Inc is an insurance holding company that provides property and casualty insurance products to individuals and businesses in the United States. The company operates primarily through its insurance subsidiaries and markets its policies through a network of independent insurance agents.

Its personal insurance offerings include automobile, homeowners, renters, and other residential coverage. Donegal Group also provides commercial products such as commercial automobile, workers’ compensation, businessowners, commercial package, and other property and liability insurance policies.