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

Safety Insurance Group, Inc. (NASDAQ:SAFT) announced a quarterly dividend on Wednesday, August 5th. Stockholders 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 dividend yield of 3.6%. The ex-dividend date is Tuesday, September 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 payout ratio of 52.6% meaning its dividend is sufficiently covered by earnings. 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 0.2%

SAFT opened at $103.50 on Thursday. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 24.47 and a beta of 0.17. The company’s 50 day simple moving average is $78.40 and its two-hundred day simple moving average is $76.28. Safety Insurance Group has a 1-year low of $67.04 and a 1-year high of $103.63. 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 (NASDAQ:SAFT) last posted its quarterly earnings results on Wednesday, August 5th. The insurance provider reported $2.03 EPS for the quarter, beating the consensus estimate of $2.00 by $0.03. Safety Insurance Group had a return on equity of 6.31% and a net margin of 4.94%.The firm had revenue of $325.68 million during the quarter, compared to analysts’ expectations of $322.90 million. Analysts expect that Safety Insurance Group will post 4.75 EPS 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.