Safety Insurance Group, Inc. (SAFT) to Issue Quarterly Dividend of $0.92 on September 15th

Safety Insurance Group, Inc. (NASDAQ:SAFT) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Tuesday, September 1st will be given a dividend of 0.92 per share by the insurance provider on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Tuesday, September 1st.

Safety Insurance Group has raised its dividend 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. 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 Down 0.1%

Shares of NASDAQ SAFT opened at $103.64 on Friday. The stock has a market capitalization of $1.52 billion, a P/E ratio of 22.34 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 business’s 50 day moving average is $89.68 and its two-hundred day moving average is $79.40. Safety Insurance Group has a 1-year low of $67.04 and a 1-year high of $103.80.

Safety Insurance Group (NASDAQ:SAFT) last announced its earnings results on Wednesday, August 5th. The insurance provider reported $2.03 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.03. Safety Insurance Group had a net margin of 5.33% and a return on equity of 7.23%. The business had revenue of $325.68 million for the quarter, compared to the consensus estimate of $325.68 million. As a group, research analysts expect that Safety Insurance Group will post 4.75 EPS for the current year.

About Safety Insurance Group

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.