Safety Insurance Group, Inc. (SAFT) To Go Ex-Dividend on March 3rd

Safety Insurance Group, Inc. (NASDAQ:SAFT) announced a quarterly dividend on Friday, February 14th, RTT News reports. Shareholders 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 annualized dividend and a yield of 4.73%. The ex-dividend date of this dividend is Monday, March 3rd.

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

Safety Insurance Group Stock Up 0.1 %

Shares of SAFT opened at $76.14 on Friday. Safety Insurance Group has a 52-week low of $73.38 and a 52-week high of $90.00. The firm’s fifty day moving average is $79.22 and its two-hundred day moving average is $81.78. The stock has a market cap of $1.13 billion, a PE ratio of 15.08 and a beta of 0.20.

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

Analyst Ratings Changes

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

About Safety Insurance Group

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.