WORCESTER, Mass., March 1, 2011 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) announced today that its board of directors declared a quarterly dividend of 27.5 cents ($0.275) per share on the issued and outstanding common stock of the company, payable March 29, 2011, to shareholders of record at the close of business on March 15, 2011. This dividend represents a 10 percent increase over the quarterly dividend of 25 cents ($0.25) per share paid in 2010.
In addition, the board fixed May 17, 2011 as the date for the 2011 annual meeting of shareholders, and March 23, 2011 as the record date for determining the shareholders of the company entitled to vote at the annual meeting.
Statements regarding quarterly dividends payable to our shareholders, which may be subject to future increases, decreases, or elimination, may be 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, and actual results could differ materially. Investors are directed to consider the risks and uncertainties in its business that may affect future performance and that are discussed in readily available documents, including 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."
About The Hanover
The Hanover Insurance Group, Inc. (NYSE: THG), based in Worcester, Mass., is the holding company for a group of insurers that includes The Hanover Insurance Company, also based in Worcester; Citizens Insurance Company of America, headquartered in Howell, Mich., and their affiliates. The Hanover offers a wide range of property and casualty products and services to individuals, families and businesses through an extensive network of independent agents, and has been meeting its obligations to its agent partners and their customers for more than 150 years. Taken as a group, The Hanover ranks among the top 30 property and casualty insurers in the United States. For more information, please visit www.hanover.com.
SOURCE The Hanover Insurance Group, Inc.