Safety Insurance Group, Inc. (NASDAQ:SAFT) Plans Quarterly Dividend of $0.92

Safety Insurance Group, Inc. (NASDAQ:SAFT) announced a quarterly dividend on Wednesday, November 4th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.92 per share by the insurance provider on Tuesday, December 15th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, December 1st.

Safety Insurance Group has a payout ratio of 52.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Safety Insurance Group to earn $6.75 per share next year, which means the company should continue to be able to cover its $3.68 annual dividend with an expected future payout ratio of 54.5%.

Safety Insurance Group Trading Up 0.1%

Safety Insurance Group stock opened at $104.35 on Thursday. Safety Insurance Group has a one year low of $67.93 and a one year high of $104.40. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 24.24 and a beta of 0.17. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.41 and a quick ratio of 0.41. The firm has a 50-day moving average of $103.74 and a 200-day moving average of $85.09.

Safety Insurance Group (NASDAQ:SAFT) last released its quarterly earnings data on Monday, November 2nd. The insurance provider reported $1.95 EPS for the quarter, beating the consensus estimate of $1.25 by $0.70. The company had revenue of $327.77 million during the quarter, compared to the consensus estimate of $533.84 million. Safety Insurance Group had a return on equity of 7.23% and a net margin of 5.33%. On average, equities analysts expect that Safety Insurance Group will post 4.15 earnings per share for the current fiscal year.

Safety Insurance Group Company Profile

Safety Insurance Group, Inc is an insurance holding company that provides property and casualty insurance products primarily through its subsidiary, Safety Insurance Company. The company focuses on personal and commercial insurance coverage for individuals, families, and businesses.

Its product offerings include private passenger automobile insurance, homeowners insurance, dwelling fire coverage, business owners policies, commercial automobile insurance, and related property and liability products.