The Hanover Insurance Group, Inc. Increases Quarterly Dividend to $0.90 Per Common Share
Rhea-AI Summary
The Hanover Insurance Group (NYSE: THG) has announced an increase in its quarterly dividend to $0.90 per share on common stock. The dividend will be payable on December 27, 2024, to shareholders of record as of December 13, 2024. This marks the company's 20th consecutive year of dividend increases, reflecting its commitment to shareholder value and confidence in its financial stability and growth prospects.
Positive
- 20-year track record of consecutive dividend increases
- Demonstrated financial stability through consistent dividend payments
- Increased quarterly dividend payout to shareholders
Negative
- None.
News Market Reaction – THG
On the day this news was published, THG gained 0.47%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
"This is the 20th consecutive year we have increased our quarterly dividend, demonstrating our commitment to delivering enhanced value to our shareholders," said John C. Roche, president and chief executive officer at The Hanover. "It is a significant milestone for us, underscoring our optimism in the company's future prospects and reinforcing our confidence in our financial stability and growth potential."
Forward-Looking Statements
Statements regarding quarterly or future dividends, whether regular or special, payable 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
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
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