Donegal Group (DGICA) will raise its quarterly dividend by 1.8 percent to $0.145 per share of the company's Class A common stock. This follows a 1.8 percent dividend hike in 2018 by the insurance company.
The dividend is payable on May 15, 2019 to stockholders and yields 4.6% based on the new annual dividend amount of 58 cents per share. Donegal has now increased its dividend for 17 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