WORCESTER, Mass., Dec. 7, 2015 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) announced today that its board of directors declared a quarterly dividend of $0.46 per share on the issued and outstanding common stock of the company, payable December 31, 2015, to shareholders of record at the close of business on December 18, 2015.
"This 12% increase marks the eleventh consecutive year we have raised our dividend and once again represents the confidence our board of directors has in our company's overall financial condition, strong capital position, and ability to deliver shareholder value in the near and long term," said Frederick H. Eppinger, president and chief executive officer at The Hanover. "With visibility into continued earnings growth, we are pleased to further enhance our shareholder's returns through this increase as we continue to drive improvements across our organization."
About The Hanover
The Hanover Insurance Group, Inc., based in Worcester, Mass., is the holding company for several property and casualty insurance companies, which together constitute one of the largest insurance businesses 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 independent agents and brokers. Together with its agents, the company offers specialized coverages for small and mid-sized businesses, as well as insurance protection for homes, automobiles, and other personal items. Through its international member company, Chaucer, The Hanover also underwrites business at Lloyd's of London in several major insurance and reinsurance classes, including marine, property and energy. For more information, please visit hanover.com.
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, as are statements of future growth, earnings improvement and returns to shareholders. The company cautions investors that any such forward-looking statements are not guarantees of 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 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 "Investors."
SOURCE The Hanover Insurance Group, Inc.