Selective Insurance Group, Inc. (SIGIP) to Issue Quarterly Dividend of $0.29 on March 17th

Selective Insurance Group, Inc. (NASDAQ:SIGIP) announced a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Investors of record on Friday, February 28th will be given a dividend of 0.2875 per share on Monday, March 17th. This represents a $1.15 annualized dividend and a yield of 6.50%. The ex-dividend date is Friday, February 28th.

Selective Insurance Group Stock Down 0.7 %

SIGIP stock traded down $0.13 during midday trading on Friday, reaching $17.69. 6,874 shares of the company were exchanged, compared to its average volume of 8,289. Selective Insurance Group has a 1-year low of $17.10 and a 1-year high of $20.30. The stock’s 50-day simple moving average is $18.16 and its 200 day simple moving average is $18.83.

Selective Insurance Group Company Profile

Selective Insurance Group, Inc, together with its subsidiaries, provides insurance products and services in the United States. The company operates through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. It offers casualty insurance products that covers the financial consequences of employee injuries in the course of employment and bodily injury and/or property damage to a third party; property insurance products, which covers the accidental loss of an insured's real property, personal property, and/or earnings due to the property's loss; and flood insurance products.