Donegal Group Inc.
DGICB23 yrs growthFinancial Services · Stock · quarterly payer
Forward Yield
2.86%
Annual Dividend
$0.70
Payout Ratio
35%
5-Yr Growth
4.3%
Ex-Date
Jul 31, 2026
Frequency
Quarterly
Summary
As of September 2026, Donegal Group Inc. (DGICB) yields 2.86% ($0.70 per share annually), with a blended fair-value estimate of $11.53 — -54% downside, so it screens as overvalued. Dividend safety grade: A (99/100). 23 years of dividend growth.
Is DGICB a good dividend stock?
YesDonegal Group Inc. (DGICB) pays a quarterly dividend yielding 2.86% ($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%)
- 82% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 2.86%
- Payout Ratio
- 35%
- Annual Dividend
- $0.70
- 5-Yr Avg Growth
- 4.3%
- Ex-Dividend Date
- Jul 31, 2026
- Years of Growth
- 23
- Frequency
- quarterly
- Beta
- -0.03
- Market Cap
- $927.6M
- P/E Ratio
- 13.0
- 5-Yr Total Return
- 82%
- 52-Week Range
- $14.87 – $29.99
- Dividend Safety
- A · 99/100
- Ever Cut?
- No
Frequently Asked Questions
DGICB Price — Last 12 Months
Daily close
Price Return
1 Year
+56%
3 Years
+82%
5 Years
+82%
52-Week Range
$14.87 – $29.99
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is DGICB worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Donegal Group Inc. is $11.53 per share, versus a market price of $24.99. That implies 54% of downside.
Fair Value
$11.53
Current Price
$24.99
Downside
-54%
Margin of Safety
-117%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -5.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $1.92 EPS, $0.70 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
DGICB Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 31, 2026 | — | $0.1750 | regular |
| May 1, 2026 | — | $0.1750 | regular |
| Feb 3, 2026 | — | $0.1650 | regular |
| Nov 3, 2025 | — | $0.1650 | regular |
| Aug 1, 2025 | — | $0.1650 | regular |
| May 1, 2025 | — | $0.1650 | regular |
| Feb 4, 2025 | — | $0.1550 | regular |
| Nov 1, 2024 | — | $0.1550 | regular |
| Aug 1, 2024 | — | $0.1550 | regular |
| May 7, 2024 | — | $0.1550 | regular |
| Jan 31, 2024 | — | $0.1530 | regular |
| Oct 31, 2023 | — | $0.1530 | regular |
| Jul 31, 2023 | — | $0.1530 | regular |
| Apr 28, 2023 | — | $0.1530 | regular |
Income Calculator
At $0.70 / yr per share
