Donegal Group (DGICA) will raise its quarterly dividend to $0.1425 per share of the company's Class A common stock. This follows a 1.8 percent dividend hike in 2017 by the insurance company.
The dividend is payable in May 2018 to stockholders and yields 3.8% based on the new annual dividend amount. Donegal has now increased its dividend for 16 consecutive years.
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.
2023