The Hanover Insurance Group, Inc. Declares Quarterly Dividend of $0.81 Per Common Share

Rhea-AI Summary

The Hanover Insurance Group (NYSE: THG) has declared a quarterly dividend of $0.81 per share on its common stock. This dividend is payable on March 31, 2023, to shareholders of record as of March 15, 2023. The announcement reaffirms the company's commitment to returning value to its shareholders. However, the company also issued a caution regarding future dividends, noting that they may be subject to changes based on various risks and uncertainties.

Positive

• Quarterly dividend of $0.81 per share indicates strong shareholder returns.

Negative

• Future dividends may decrease or be eliminated, creating uncertainty for shareholders.

WORCESTER, Mass., Feb. 27, 2023 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) announced today its board of directors has declared a quarterly dividend of $0.81 per share on the issued and outstanding common stock of the company, payable March 31, 2023, to shareholders of record at the close of business on March 15, 2023.

Forward-Looking Statements
Statements regarding quarterly or future dividends, whether regular or special, payable to the company's shareholders, which may be subject to future increases, decreases, or elimination, as determined by The Hanover's board of directors, are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The company cautions investors that any such forward-looking statements are not guarantees of future performance, including but not limited to, growth, earnings improvement, returns, future dividend payments, or the amount of such payments. Investors are directed to consider the risks and uncertainties in the company's business that may cause actual results to differ and/or affect the board's decision to declare dividends in the future, including those risks which are discussed in readily available documents, such as the company's annual report on Form 10-K and quarterly reports on Form 10-Q, as well as other documents filed by The Hanover with the Securities and Exchange Commission and which are also available on hanover.com under "Investors."

About The Hanover
The Hanover Insurance Group, Inc. is the holding company for several property and casualty insurance companies, which together constitute one of the largest insurance businesses in the United States. The company provides exceptional insurance solutions through a select group of independent agents and brokers. Together with its agent partners, The Hanover offers standard and specialized insurance protection for small and mid-sized businesses, as well as for homes, automobiles, and other personal items. For more information, please visit hanover.com.

CONTACTS
Investors:	Media:
Oksana Lukasheva	Michael F. Buckley	Emily P. Trevallion
(508) 525-6081	(508) 855-3099	(508) 855-3263
Email: olukasheva@hanover.com	Email: mibuckley@hanover.com	Email: etrevallion@hanover.com

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SOURCE The Hanover Insurance Group, Inc.

FAQ

What is the dividend amount for The Hanover Insurance Group (THG) in 2023?

The dividend amount declared is $0.81 per share.

When is the dividend for The Hanover Insurance Group (THG) payable?

The dividend is payable on March 31, 2023.

What date is the record for shareholders for the THG dividend?

The record date for shareholders is March 15, 2023.

Is the dividend from The Hanover Insurance Group (THG) sustainable?

The company cautions that future dividends may be subject to changes or elimination.