Safety Insurance Group (SAFT) Raises Quarterly Dividend 14.3% to $0.80; 4.5% Yield
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Safety Announces Second Quarter 2017 Results and Raises Third Quarter 2017 Dividend
August 2, 2017 4:05 PM EDTBOSTON--(BUSINESS WIRE)-- Safety Insurance Group, Inc. (NASDAQ: SAFT) today reported second quarter 2017 results. Net income for the quarter ended June 30, 2017 was $21.1 million, or $1.39 per diluted share, compared to net income of $21.4 million, or $1.41 per diluted share, for the comparable 2016 period. Net income for the six months ended June 30, 2017 was $33.1 million, or $2.18 per diluted share, compared to net income of $34.0 million, or $2.25 per diluted share, for the comparable 2016 period. Safetys book value per share increased to $45.59 at June 30, 2017 from $44.27 at December 31, 2016. Safety paid $0.70 per share in dividends to investors during the quarters ended June 30, 2017 and 2016,... More
