Donegal Gr's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Donegal Gr (NASDAQ:DGICB) has announced a quarterly dividend of 15.25 cents per share. The ex-dividend date is Monday, meaning the stock will likely open 15.25 cents lower to reflect the payout. Shareholders who own DGICB as of the end of Friday's session are eligible to receive the dividend, which will be paid out on August 15, 2023.
July 26, 2023 | 2:45 pm
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Donegal Gr's stock will likely open lower on Monday due to the ex-dividend date. The dividend will be paid out on August 15, 2023.
The ex-dividend date is the date on which the stock price is adjusted downwards to reflect the dividend payout. This is likely to cause a short-term drop in the stock price. However, the impact is usually temporary and the stock price may recover over time.
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