Donegal Group (DGICA) will raise its quarterly dividend by 6.7 percent to 16 cents per share in 2021. This comes after a dividend hike of 3.4 percent to $0.15 per share of the company's Class A common stock announced last year. The insurance company has now raised the dividend 19 consecutive years of this new hike just announced is included.

The next dividend is payable on May 17, 2021 to stockholders of record as of the close of business on May 3, 2021. A new annual dividend amount of 64 cents per share yields 3.9% at a stock price of $16.40. 

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 company has paid a dividend every year since 2001. Donegal has three segments: investment function, personal lines of insurance and commercial lines of insurance. Its insurance operations include two segments: personal lines of insurance and commercial lines of insurance. The personal lines of insurance, which its insurance subsidiaries write consists of private passenger automobile and homeowners insurance. The commercial lines of insurance, which its insurance subsidiaries write consists of commercial automobile, commercial multi-peril and workers' compensation insurance.