Donegal Group Announces Dividend, Stock Buyback Program

(RTTNews) - Donegal Group Inc. (DGICA, DGICB) said Thursday that its board of directors has declared a regular quarterly cash dividend of $.1275 per share of the company's Class A common stock and $.1150 per share of the company's Class B common stock.

The dividends are payable on August 15 to stockholders of record as of the close of business on August 1.

The company also announced that its board of directors has authorized a share repurchase program, pursuant to which the company may purchase up to 500,000 shares of its Class A common stock. The share repurchase program has no fixed expiration date.