Safety Insurance Group, Inc. (SAFT) to Issue Quarterly Dividend of $0.92 on June 12th

Safety Insurance Group, Inc. (NASDAQ:SAFT) announced a quarterly dividend on Wednesday, May 6th. Stockholders of record on Monday, June 1st will be given a dividend of 0.92 per share by the insurance provider on Friday, June 12th. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Monday, June 1st.

Safety Insurance Group has increased 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 research 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 0.4%

Safety Insurance Group stock opened at $70.17 on Friday. The stock has a market cap of $1.03 billion, a P/E ratio of 16.59 and a beta of 0.24. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.39 and a quick ratio of 0.39. Safety Insurance Group has a 1 year low of $67.04 and a 1 year high of $83.11. The firm’s 50 day moving average price is $73.49 and its 200-day moving average price is $75.69.

Safety Insurance Group (NASDAQ:SAFT) last released its quarterly earnings data on Wednesday, May 6th. The insurance provider reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.45 by ($2.17). The company had revenue of $314.67 million for the quarter, compared to the consensus estimate of $315.01 million. Safety Insurance Group had a net margin of 4.94% and a return on equity of 6.31%. On average, equities analysts predict that Safety Insurance Group will post 4.75 earnings per share for the current fiscal 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.