Safety Insurance Group, Inc. (SAFT) Announces Dividend Increase – $0.80 Per Share

Safety Insurance Group, Inc. (NASDAQ:SAFT) declared a quarterly dividend on Thursday, August 3rd, Wall Street Journal reports. Stockholders of record on Friday, September 1st will be paid a dividend of 0.80 per share by the insurance provider on Friday, September 15th. This represents a $3.20 annualized dividend and a dividend yield of 4.53%. The ex-dividend date is Wednesday, August 30th. This is an increase from Safety Insurance Group’s previous quarterly dividend of $0.70.

Shares of Safety Insurance Group (NASDAQ:SAFT) traded down 0.35% on Friday, hitting $70.70. The stock had a trading volume of 46,871 shares. The stock has a market capitalization of $1.08 billion, a P/E ratio of 16.83 and a beta of 0.77. Safety Insurance Group has a 52 week low of $64.86 and a 52 week high of $75.05. The firm has a 50-day moving average price of $69.90 and a 200-day moving average price of $69.90.

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Separately, BidaskClub upgraded Safety Insurance Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th.

About Safety Insurance Group

Safety Insurance Group, Inc is a provider of private passenger automobile insurance. The Company offers a portfolio of property and casualty insurance products. The Company is engaged in property and casualty insurance operations. The Company’s product line includes private passenger automobile, commercial automobile, homeowners, business owners’ policies, personal umbrella, dwelling fire, commercial umbrella, inland marine and watercraft.

Dividend History for Safety Insurance Group (NASDAQ:SAFT)

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