Safety Insurance Group, Inc. (NASDAQ:SAFT) Shareholders to Get $0.92 Quarterly Dividend

Safety Insurance Group, Inc. (NASDAQ:SAFT) declared 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 is Tuesday, December 1st.

Safety Insurance Group has a 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 Up 0.1%

NASDAQ SAFT opened at $104.35 on Thursday. The firm’s fifty day moving average is $103.74 and its two-hundred day moving average is $85.09. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.41 and a current ratio of 0.41. The firm has a market cap of $1.53 billion, a PE ratio of 24.24 and a beta of 0.17. Safety Insurance Group has a one year low of $67.93 and a one year high of $104.40.

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