WORCESTER, Mass., Dec. 6, 2016 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) announced today that its board of directors declared a quarterly dividend of $0.50 per share on the issued and outstanding common stock of the company, payable December 30, 2016, to shareholders of record at the close of business on December 16, 2016.
"We are pleased to announce a 9% increase in our regular quarterly dividend. The continuity of dividend growth for the 12th consecutive year reflects our commitment to deliver shareholder value and the confidence our board of directors has in the financial condition and trajectory of our organization," said Joseph M. Zubretsky, president and chief executive officer at The Hanover. "As we look ahead, we will continue to further strengthen and position our company to succeed in both the near and long term."
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."
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SOURCE The Hanover Insurance Group, Inc.