Safety Insurance Group, Inc. (Symbol: SAFT) shares traded as low as $72.54 on Thursday, October 5, 2023, indicating that the stock has entered oversold territory with a Relative Strength Index (RSI) reading of 29.0. This is significantly below the average RSI of 62.3 for the dividend stocks covered by Dividend Channel, suggesting a potential investment opportunity.
Currently, SAFT offers an annualized dividend of $3.60, yielding approximately 4.88% based on its recent share price of $73.84. The stock’s performance and recent RSI level may prompt investors to explore entry points for purchasing shares ahead of a potential rebound in price.
