Analyzing Donegal Group's Ex-Dividend Date
On December 17, 2020, Donegal Group (NASDAQ:DGICA) announced shareholders can expect to receive a dividend payable on February 16, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Donegal Group is set for February 1, 2021. The company's current dividend payout sits at $0.15, equating to a dividend yield of 4.16% at current price levels.
What Is An Ex-Dividend Date?
An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.
Donegal Group's Dividend History
Over the past year, Donegal Group has experienced an overall upward trend regarding its dividend payouts and yields. Last year on January 31, 2020 the company's payout was $0.14, which has since grown by $0.01. Similarly, Donegal Group's dividend yield in last year was 3.87%, which has since grown by 0.29%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.
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