Safety Insurance Group (SAFT) Declares $0.70 Quarterly Dividend; 4% Yield
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Safety Announces First Quarter 2017 Results and Declares Second Quarter 2017 Dividend
May 3, 2017 4:05 PM EDTBOSTON--(BUSINESS WIRE)-- Safety Insurance Group, Inc. (NASDAQ: SAFT) today reported first quarter 2017 results. Net income for the quarter ended March 31, 2017 was $12.0 million, or $0.79 per diluted share, compared to net income of $12.7 million, or $0.84 per diluted share, for the comparable 2016 period. Safetys book value per share increased to $44.54 at March 31, 2017 from $44.27 at December 31, 2016. Safety paid $0.70 per share in dividends to investors during the quarters ended March 31, 2017 and, 2016, respectively. Safety paid $2.80 per share in dividends to investors during the year ended December 31, 2016.
Direct written premiums for the quarter ended March 31, 2017 increased by $3.7 million, or 1.9%, to... More
