The Hanover Insurance Group, Inc. Increases Quarterly Dividend to $0.70 Per Common Share

Rhea-AI Summary

The Hanover Insurance Group (NYSE: THG) has declared a quarterly dividend of $0.70 per share, representing a 7.7% increase over previous dividends. This payment is scheduled for December 30, 2020, to shareholders on record by December 18, 2020. CEO John C. Roche emphasized the company’s strong operating performance and commitment to shareholder value. The firm remains optimistic about its future financial position and strategy, despite potential risks highlighted in forward-looking statements.

Positive

• 7.7% increase in quarterly dividend to $0.70 per share, boosting shareholder income.
• Company demonstrates strong operating performance and commitment to shareholder value.

Negative

• Potential risks associated with future dividend payments, including decreases or elimination.

WORCESTER, Mass., Dec. 3, 2020 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) announced today its board of directors has declared a quarterly dividend of $0.70 per share on the issued and outstanding common stock of the company, payable December 30, 2020, to shareholders of record at the close of business on December 18, 2020.

"We are very pleased to announce a 7.7% increase in our regular quarterly dividend," said John C. Roche, president and chief executive officer at The Hanover. "The increase underscores the strength of our company's operating performance and results, and is in keeping with our commitment to deliver strong shareholder value. During a particularly dynamic 2020, we have demonstrated our ability to successfully manage and advance our business. We look ahead to 2021 with confidence in our financial position, go-forward strategy, and earnings potential, while remaining committed to being responsible stewards of our capital."

Forward-Looking Statements
Statements regarding quarterly or future dividends payable, whether regular or special, 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 declared by The Hanover Insurance Group?

The Hanover Insurance Group declared a quarterly dividend of $0.70 per share.

When will The Hanover Insurance Group pay the declared dividend?

The declared dividend will be payable on December 30, 2020.

What is the record date for the dividend payment by The Hanover Insurance Group?

The record date for the dividend payment is December 18, 2020.

What was the percentage increase in the dividend for The Hanover Insurance Group?

The dividend was increased by 7.7%.