Donegal Group's latest quarterly dividend of $0.17 per share was on Jan 31, 2024 (ex-date). At an annualized rate of $0.68 per share, the stock yields 4.99%.
DGICA has a dividend yield of 4.99% which is above the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 3.56%, Donegal Group's dividend yield is 40% higher. The historical 5-year average of DGICA's dividend yield is 4.3%, which is below the current yield.
Donegal Group has a history of paying dividends since 2003. Our records of DGICA show that the company has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 3% since twelve months ago. And with the price of the stock down by 8% from a year ago, the dividend yield has an increase of 12%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Jan 31, 2024 | Feb 15, 2024 | Dec 21, 2023 | $0.17 | normal |
| Oct 31, 2023 | Nov 15, 2023 | Oct 19, 2023 | $0.17 | normal |
| Jul 31, 2023 | Aug 15, 2023 | Jul 20, 2023 | $0.17 | normal |
| Apr 28, 2023 | May 15, 2023 | Apr 20, 2023 | $0.17 | normal |
| Jan 31, 2023 | Feb 15, 2023 | Dec 15, 2022 | $0.165 | normal |
| Oct 31, 2022 | Nov 15, 2022 | Oct 20, 2022 | $0.165 | normal |
| Jul 29, 2022 | Aug 15, 2022 | Jul 21, 2022 | $0.165 | normal |
| Apr 29, 2022 | May 16, 2022 | Apr 21, 2022 | $0.165 | normal |
| Jan 31, 2022 | Feb 15, 2022 | Dec 16, 2021 | $0.16 | normal |
| Oct 29, 2021 | Nov 15, 2021 | Oct 21, 2021 | $0.16 | normal |
| Jul 30, 2021 | Aug 16, 2021 | Jul 15, 2021 | $0.16 | normal |
| Apr 30, 2021 | May 17, 2021 | Apr 15, 2021 | $0.16 | normal |
| Feb 1, 2021 | Feb 16, 2021 | Dec 17, 2020 | $0.15 | normal |
| Oct 30, 2020 | Nov 16, 2020 | Oct 15, 2020 | $0.15 | normal |
| Jul 31, 2020 | Aug 17, 2020 | Jul 16, 2020 | $0.15 | normal |
| Apr 30, 2020 | May 15, 2020 | Apr 15, 2020 | $0.15 | normal |
| Jan 31, 2020 | Feb 18, 2020 | Dec 19, 2019 | $0.145 | normal |
| Oct 31, 2019 | Nov 15, 2019 | Oct 17, 2019 | $0.145 | normal |
| Jul 31, 2019 | Aug 15, 2019 | Jul 18, 2019 | $0.145 | normal |
| Apr 30, 2019 | May 15, 2019 | Apr 18, 2019 | $0.145 | normal |
| Jan 31, 2019 | Feb 15, 2019 | Dec 20, 2018 | $0.143 | normal |
| Oct 31, 2018 | Nov 15, 2018 | Oct 18, 2018 | $0.143 | normal |
| Jul 31, 2018 | Aug 15, 2018 | Jul 19, 2018 | $0.143 | normal |
| Apr 30, 2018 | May 15, 2018 | Apr 19, 2018 | $0.143 | normal |
| Jan 31, 2018 | Feb 15, 2018 | Dec 21, 2017 | $0.14 | normal |
| Oct 31, 2017 | Nov 15, 2017 | Oct 19, 2017 | $0.14 | normal |
| Jul 28, 2017 | Aug 15, 2017 | Jul 20, 2017 | $0.14 | normal |
| Apr 27, 2017 | May 15, 2017 | Apr 20, 2017 | $0.14 | normal |
| Jan 30, 2017 | Feb 15, 2017 | Dec 15, 2016 | $0.138 | normal |
| Oct 28, 2016 | Nov 15, 2016 | Oct 20, 2016 | $0.138 | normal |
| Jul 28, 2016 | Aug 15, 2016 | Jul 21, 2016 | $0.138 | normal |
| Apr 28, 2016 | May 16, 2016 | Apr 21, 2016 | $0.138 | normal |
DGICA has a payout ratio of 485.7% which is higher than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 39.5%, Donegal Group's payout ratio is 1,130% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| DGICA Donegal Group Inc | 4.86% | $0.68 | 485.7% |
| UFCS United Fire Group Inc | 2.81% | $0.64 | N/A |
| CINF Cincinnati Financial Corp | 2.55% | $3.06 | 26.1% |
| RLI Rli Corp | 2.2% | $3.08 | 46.1% |
| TRV Travelers Companies Inc | 1.87% | $4 | 29.4% |
| CB Chubb Ltd | 1.37% | $3.44 | 15.7% |
| ERIE Erie Indemnity Co | 1.29% | $4.93 | 51.5% |
| WRB Berkley W R Corp | 0.53% | $0.44 | 8.6% |
Yes, Donegal Group has been paying dividends for the last 21 years.
DGICA hasn't announced its next dividend date yet, but if we take into consideration its recent dividend history, it is likely that its next dividend will be in April 2024.
Donegal Group's last regular dividend was on Jan 31, 2024 (ex-date) with the amount of $0.17 per share.
On an annual basis DGICA pays $0.68 per share.
Currently Donegal Group's dividend yield is 4.99%.
Donegal Group has a quarterly dividend frequency.
The dividend payout ratio of Donegal Group is 485.7%.
Donegal Group's dividend yield is above the Financial Services sector average.