Safety Insurance Group, Inc. (NASDAQ:SAFT)

CAPS Rating: 5 out of 5

A provider of private passenger automobile insurance in Massachusetts. It also offers a portfolio of property and casualty insurance products, including commercial automobile, homeowners, dwelling fire, umbrella and business owner policies.

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Player Avatar fightingfinn (39.23) Submitted: 8/7/2012 9:57:01 AM : Outperform Start Price: $35.27 SAFT Score: -1.93

This company is a solid dividend growth prospect. Management refuses to be confined by the rules of lists like the dividend champions and will not raise the dividend for the sake of raising it. However, after a few years of keeping the dividend at a stable level due to the uncertain and fluctuating demands of the insurance market, SAFT returns a 20% increase in their dividend. I will take a company that has a prudent policy that raises what it believes is a sustainable dividend as opposed to a raise for a raises sake. This is a dividend you can trust in.

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