A company is distributing dividend for each year regardless of its-for the year-business profitability, does that depict a safe place to investment?

No.  Dividends can only be paid from Free Cash Flows to Equity (FCFE), but minor deviations are acceptable if the company is only trying to maintain a certain level of payouts.  If a company is consistently paying dividends more than its FCFE then it might also mean it is in the process of raising its debt leverage on purpose.  In such cases, it may be a good investment but not otherwise. 

It indicates two views.

Either the company pays from its reserves in case of loss

or it gets further debt to pay off the dividends

For a short span of time it may be said that its worthwhile to invest in such risky area, but for long term the company can get into liquidity issues were it will be even difficult to get anything out of company.

No.  These types of "divident paying" companies destroys the concepts of investment.