Published on 27 Oct 2023 on Simply Wall St. via Yahoo Finance
Donegal Group Inc. (NASDAQ:DGIC.A) Goes Ex-Dividend Soon
Readers hoping to buy Donegal Group Inc. (NASDAQ:DGIC.A) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Therefore, if you purchase Donegal Group's shares on or after the 31st of October, you won't be eligible to receive the dividend, when it is paid on the 15th of November.
The company's next dividend payment will be US$0.17 per share. Last year, in total, the company distributed US$0.68 to shareholders. Based on the last year's worth of payments, Donegal Group has a trailing yield of 4.7% on the current stock price of $14.47. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. So we need to investigate whether Donegal Group can afford its dividend, and if the dividend could grow.
View our latest analysis for Donegal Group