Safety Insurance Group, Inc. (NASDAQ:SAFT) Plans $0.90 Quarterly Dividend

Safety Insurance Group, Inc. (NASDAQ:SAFT) declared a quarterly dividend on Thursday, February 20th, RTT News reports. Investors of record on Monday, March 3rd will be given a dividend of 0.90 per share by the insurance provider on Friday, March 14th. This represents a $3.60 annualized dividend and a dividend yield of 4.64%.

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

Safety Insurance Group Stock Performance

SAFT stock opened at $77.61 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 $79.89 and its 200 day moving average is $81.88. The firm has a market cap of $1.15 billion, a P/E ratio of 15.37 and a beta of 0.20.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Safety Insurance Group from a “hold” rating to a “buy” rating in a report on Thursday, November 14th.

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.