SmarterDividends
DGICB

Donegal Group Inc.

DGICB23 yrs growth

Financial Services · Insurance - Property & Casualty · Stock · quarterly payer

$23.70

Overvalued · -50% Add to Portfolio

Forward Yield

2.70%

Annual Dividend

$0.70

Payout Ratio

35%

5-Yr Growth

4.3%

Ex-Date

Nov 2, 2026

Frequency

Quarterly

Key facts about DGICB's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 30, 2026, Donegal Group Inc. (DGICB) has a forward dividend yield of 2.70%, based on an annual dividend of $0.70 per share and a share price of $23.70.
  • As of Oct 30, 2026, DGICB's dividend safety grade from SmarterDividends is A (99 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, Donegal Group Inc. (DGICB) has raised its dividend for 23 consecutive years as of Oct 30, 2026.
  • DGICB has never cut its regular dividend in the payment history SmarterDividends has on record.
  • DGICB's next ex-dividend date is Nov 2, 2026, with payment on Nov 16, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 30, 2026, DGICB pays out 35% of its trailing 12-month earnings as dividends (its payout ratio).
  • DGICB's dividend has grown at an average rate of 4.3% a year over the past five years.
  • As of Oct 30, 2026, DGICB's 2.70% yield is 35% below its five-year average yield of 4.17%.
  • As of Oct 30, 2026, SmarterDividends' blended fair-value estimate for DGICB is $11.80 per share, 50% below the $23.70 share price, so DGICB screens as overvalued.
  • Donegal Group Inc. (DGICB) pays its dividend quarterly, 4 times a year.
  • Donegal Group Inc. (DGICB) has raised its regular dividend 34 times and cut it 0 times across the 141 payments on record since 1990. Its most recent change was a 6.1% increase to $0.175 per share, going ex-dividend on May 1, 2026.
  • Donegal (DGICB) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 6.1%, was declared on Apr 16, 2026.
Cite this page

SmarterDividends, "DGICB Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 30, 2026, https://smarterdividends.com/stocks/DGICB

Summary

As of Oct 30, 2026, Donegal Group Inc. (DGICB) yields 2.70% ($0.70 a year per share), has a dividend safety grade of A (99/100) and has 23 consecutive years of dividend increases on record.

Is DGICB a good dividend stock?

Yes

Donegal Group Inc. (DGICB) pays a quarterly dividend yielding 2.70% ($0.70/yr), with 23 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • 23 consecutive years of dividend growth
  • Never cut its dividend on record
  • Comfortable payout ratio (35%)
  • 96% total price return over 5 years
  • Top-tier dividend safety score

Risks

  • Single-stock concentration risk — diversify

Key Data

Dividend Yield
2.70%
Payout Ratio
35%
Annual Dividend
$0.70
5-Yr Avg Growth
4.3%
Ex-Dividend Date
Nov 2, 2026
Years of Growth
23
Frequency
quarterly
Beta
-0.05
Market Cap
$878.1M
P/E Ratio
12.3
5-Yr Total Return
96%
52-Week Range
$15.10 – $29.99
Dividend Safety
A · 99/100
Ever Cut?
No

DGICB dividend raises and cuts

Donegal Group Inc. (DGICB) has raised its regular dividend 34 times and cut it 0 times across the 141 payments on record since 1990. Its most recent change was a 6.1% increase to $0.175 per share, going ex-dividend on May 1, 2026.

Ex-dateChangeOld → newMove
May 1, 2026Raise$0.165 → $0.175+6.1%
May 1, 2025Raise$0.155 → $0.165+6.5%
May 7, 2024Raise$0.153 → $0.155+1.3%
Apr 28, 2023Raise$0.148 → $0.153+3.4%
Apr 29, 2022Raise$0.143 → $0.148+3.5%
Apr 30, 2021Raise$0.133 → $0.143+7.5%
Apr 30, 2020Raise$0.128 → $0.133+3.9%
Apr 30, 2019Raise$0.125 → $0.128+2.4%
Apr 30, 2018Raise$0.123 → $0.125+1.6%
Apr 27, 2017Raise$0.120 → $0.123+2.5%
Apr 28, 2016Raise$0.118 → $0.120+1.7%
Apr 29, 2015Raise$0.116 → $0.118+1.7%
Show all 34 changes since 1992
Ex-dateChangeOld → newMove
Apr 29, 2014Raise$0.115 → $0.116+0.9%
Apr 29, 2013Raise$0.110 → $0.115+4.5%
Apr 27, 2012Raise$0.108 → $0.110+1.9%
Apr 28, 2011Raise$0.103 → $0.108+4.9%
Apr 29, 2010Raise$0.100 → $0.103+3.0%
Apr 29, 2009Raise$0.0930 → $0.100+7.5%
Apr 29, 2008Raise$0.0780 → $0.0930+19.2%
Apr 27, 2007Raise$0.0700 → $0.0780+11.4%
Apr 27, 2006Raise$0.0638 → $0.0700+9.8%
Apr 28, 2005Raise$0.0591 → $0.0638+7.9%
Apr 28, 2004Raise$0.0563 → $0.0591+5.0%
Apr 29, 2003Raise$0.0506 → $0.0563+11.1%
Apr 29, 1999Raise$0.0478 → $0.0506+5.9%
Jul 30, 1998Raise$0.0464 → $0.0478+3.0%
Apr 29, 1998Raise$0.0422 → $0.0464+10.0%
Jul 30, 1997Raise$0.0380 → $0.0422+11.1%
Apr 29, 1997Raise$0.0348 → $0.0380+9.1%
Apr 29, 1996Raise$0.0316 → $0.0348+10.0%
Apr 25, 1995Raise$0.0285 → $0.0316+11.1%
Jan 23, 1995Raise$0.0253 → $0.0285+12.5%
Jul 21, 1993Raise$0.0221 → $0.0253+14.3%
Jul 21, 1992Raise$0.0190 → $0.0221+16.7%
Every DGICB payment →Download every raise and cut (CSV)
DGICB ex-dividend date & scheduleNext ex-date Nov 2, 2026 · full ex-dividend historyView →DGICB dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is DGICB a good dividend stock?

Yes. Donegal Group Inc. (DGICB) pays a quarterly dividend yielding 2.70% ($0.70/yr), with 23 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is DGICB undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, DGICB's fair value is about $11.80 versus a $23.70 share price — so it looks overvalued (-50% vs. fair value).

Is DGICB's dividend safe?

DGICB has a dividend-safety grade of A (99/100), based on its payout coverage, free-cash-flow, 23-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is DGICB's fair value?

Our blended fair-value estimate for DGICB is about $11.80 per share, about 50% below the current $23.70 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is DGICB a buy, hold, or sell?

We don't issue formal ratings, but on the data DGICB screens as "yes" and overvalued. Donegal Group Inc. (DGICB) pays a quarterly dividend yielding 2.70% ($0.70/yr), with 23 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will DGICB cut its dividend?

DGICB earns a dividend-safety grade of A (99/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does DGICB pay a dividend?

Yes. Donegal Group Inc. pays a quarterly dividend of about $0.70 per share annually, a forward yield of roughly 2.70%.

What is DGICB's dividend yield?

As of Oct 30, 2026, DGICB's forward dividend yield is 2.70%, based on a $0.70 annual dividend and a $23.70 share price.

What is DGICB's dividend per share?

As of Oct 30, 2026, DGICB pays $0.70 per share per year, distributed on a quarterly basis.

What is DGICB's dividend payout ratio?

As of Oct 30, 2026, DGICB's payout ratio is 35% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has DGICB grown its dividend?

As of Oct 30, 2026, DGICB has increased its dividend for 23 consecutive years.

When is the next DGICB ex-dividend date?

As of Oct 30, 2026, the next ex-dividend date on record for DGICB is Nov 2, 2026.

Income Calculator

At $0.70 / yr per share

Per payment (quarterly)$17.50
Annual$70.00
Monthly avg$5.83

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