WORCESTER, Mass., Dec. 6, 2013 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) announced today that its board of directors declared a quarterly dividend of $0.37 per share on the issued and outstanding common stock of the company, payable December 27, 2013, to shareholders of record at the close of business on December 16, 2013.
"We are pleased to announce a 12 percent increase in our regular quarterly dividend," said Frederick H. Eppinger, president and chief executive officer at The Hanover. "This increase reflects the strength of our organization, the enhancements we have made across our business, and our improved underwriting performance. We remain intently focused on providing outstanding products and services to our agent and broker partners, so they can meet their customers' insurance needs, while we improve our shareholder returns."
Statements regarding quarterly or future dividends payable to our 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 dividend payments, or the amount of such payments. Investors are directed to consider the risks and uncertainties in the company's business that may affect the Board's decision to declare dividends in the future or might affect the company's future results, including those risks which are discussed in readily available documents, such as the Company's annual report and other documents filed by The Hanover with the Securities and Exchange Commission and which are also available at www.hanover.com under "About Us - Investors."
About The Hanover
The Hanover Insurance Group, Inc., based in Worcester, Mass., is one of the top 25 property and casualty insurers in the United States. For more than 160 years, The Hanover has provided a wide range of property and casualty products and services to businesses, individuals, and families. The Hanover distributes its products through a select group of agents and brokers. Through its international member company, Chaucer, The Hanover also underwrites business at Lloyd's of London in several major insurance and reinsurance classes including political risk, marine, aviation and energy. For more information, please visit hanover.com.
SOURCE The Hanover Insurance Group, Inc.