Safety Insurance Group, Inc. (NASDAQ:SAFT) to Issue Quarterly Dividend of $0.90

Safety Insurance Group, Inc. (NASDAQ:SAFT - Get Free Report) declared a quarterly dividend on Friday, February 14th, RTT News reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.63%. 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 Trading Up 0.2 %

Safety Insurance Group stock traded up $0.14 during midday trading on Friday, hitting $77.75. The stock had a trading volume of 42,929 shares, compared to its average volume of 41,092. Safety Insurance Group has a 52-week low of $73.38 and a 52-week high of $90.00. The company has a market capitalization of $1.15 billion, a PE ratio of 15.40 and a beta of 0.20. The firm's fifty day moving average is $79.89 and its two-hundred day moving average is $81.88.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Safety Insurance Group from a "hold" rating to a "buy" rating in a research 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.