Ex-Dividend Alert: Donegal Group Has a Dividend Yield of 3.20%; Will Trade Ex-Dividend on January 31, 2018

LONDON, UK / ACCESSWIRE / January 30, 2018 / Active-Investors has a free review on Donegal Group Inc. (NASDAQ: DGICA) (“Donegal”) following the Company’s announcement that it will begin trading ex-dividend on January 31, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on January 30, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on DGICA:

www.active-investors.com/registration-sg/?symbol=DGICA

If your portfolio includes dividend stocks, you have come to the right place for timely information. All you need to do is sign up for your free membership at:

www.active-investors.com/registration-sg

Dividend Declared

On December 21, 2017, Donegal’s Board of Directors declared a regular quarterly cash dividend of $0.14 per share of the Company’s Class A common stock and $.1225 per share of the Company’s Class B common stock. The dividends are payable on February 15, 2018, to stockholders of record as of the close of business on February 01, 2018.

Donegal’s indicated dividend represents a yield of 3.20% compared to the average dividend yield of 4.24% for the Financial sector. The Company has raised dividend for 2 consecutive years.

Dividend Insight

Donegal has a dividend payout ratio of 86.2%, which denotes that the Company spends approximately $0.87 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, Donegal is forecasted to report earnings of $1.42 for the next year, which is more than double compared to the Company’s annualized dividend of $0.56 per share.

As of September 30, 2017, Donegal has cash on hand worth $31.54 million compared to $24.59 million as on December 31, 2016. For the nine months ended September 30, 2017, the Company’s net cash provided by operating activities totaled $62.67 million compared to $46.40 million for the year ago same period. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Earnings Announcement

On January 10, 2018, Donegal announced that the Company plans to hold a live webcast on February 23, 2018, at 11:00AM Eastern Time, to discuss its results for the fourth quarter and year ended December 31, 2017. The Company will release its quarterly results on this same date, prior to the opening of regular trading on the NASDAQ Stock Market.

About Donegal Group Inc.

Donegal Group is an insurance holding company with insurance subsidiaries offering personal and commercial property and casualty lines of insurance in 22 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). Donegal Group was founded in 1986 and is headquartered in Marietta, Pennsylvania.

Stock Performance Snapshot

January 29, 2018 – At Monday’s closing bell, Donegal’s stock slightly climbed 0.86%, ending the trading session at $17.66.

Volume traded for the day: 36.56 thousand shares.

Stock performance in the last month – up 0.46%; previous three-month period – up 6.71%; past twelve-month period – up 6.39%; and year-to-date – up 2.08%

After yesterday’s close, Donegal’s market cap was at $474.70 million.

Price to Earnings (P/E) ratio was at 31.93.

The stock has a dividend yield of 3.17%.

The stock is part of the Financial sector, categorized under the Property & Casualty Insurance industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

ReleaseID: 487321