Safety Insurance Group, Inc. (SAFT) to Issue Quarterly Dividend of $0.92 on March 13th

Safety Insurance Group, Inc. (NASDAQ:SAFTGet Free Report) announced a quarterly dividend on Tuesday, February 17th. Stockholders of record on Monday, March 2nd will be paid a dividend of 0.92 per share by the insurance provider on Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Monday, March 2nd.

Safety Insurance Group has increased its dividend payment by an average of 0.0%per year over the last three years. Safety Insurance Group has a dividend payout ratio of 52.6% meaning its dividend is sufficiently covered by earnings.

Safety Insurance Group Trading Down 2.0%

NASDAQ:SAFT opened at $78.79 on Thursday. The firm has a market capitalization of $1.17 billion, a P/E ratio of 13.38 and a beta of 0.22. The business has a 50 day simple moving average of $77.83 and a 200 day simple moving average of $74.48. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.41 and a quick ratio of 0.41. Safety Insurance Group has a 12-month low of $67.04 and a 12-month high of $84.20.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Safety Insurance Group in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

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Safety Insurance Group Company Profile

(Get Free Report)

Safety Insurance Group, Inc is a publicly traded property and casualty insurance holding company incorporated in Massachusetts in 1994. Its principal subsidiary, Safety Insurance Company, traces its roots back to 1923 and has since evolved into a regional personal lines insurer. The company is headquartered in Boston, Massachusetts, and trades on the Nasdaq under the symbol SAFT.

Safety Insurance Group focuses primarily on private passenger automobile and homeowners insurance products, along with dwelling fire, umbrella liability, and certain commercial auto coverages.

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Dividend History for Safety Insurance Group (NASDAQ:SAFT)

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