Safety Insurance Group, Inc. (NASDAQ:SAFT) Plans Quarterly Dividend of $0.90

Safety Insurance Group, Inc. (NASDAQ:SAFT) declared a quarterly dividend on Friday, February 14th, RTT News reports. Stockholders of record on Monday, March 3rd will be paid a dividend of 0.90 per share by the insurance provider on Friday, March 14th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date is Monday, March 3rd.

Safety Insurance Group has a dividend payout ratio of 48.0% meaning its dividend is sufficiently covered by earnings.

Safety Insurance Group Stock Performance

Shares of Safety Insurance Group stock opened at $76.14 on Friday. The business has a 50-day simple moving average of $79.22 and a 200-day simple moving average of $81.78. The company has a market cap of $1.13 billion, a PE ratio of 15.08 and a beta of 0.20. Safety Insurance Group has a one year low of $73.38 and a one year high of $90.00.

Safety Insurance Group (NASDAQ:SAFT) last released its quarterly earnings results on Tuesday, February 25th. The insurance provider reported $0.94 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.23). Safety Insurance Group had a return on equity of 6.35% and a net margin of 6.86%. The company had revenue of $286.72 million for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Safety Insurance Group from a “buy” rating to a “hold” rating in a research report on Thursday.

Safety Insurance Group Company Profile

Safety Insurance Group, Inc provides private passenger and commercial automobile, and homeowner insurance in the United States. The company’s private passenger automobile policies offer coverage for bodily injury and property damage to others, no-fault personal injury coverage for the insured/insured’s car occupants, and physical damage coverage for an insured’s own vehicle for collision or other perils.