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The Hanover Insurance Group, Inc. Increases Quarterly Dividend to $0.33 per Share
By: PR Newswire
Dec. 7, 2012 04:15 PM
WORCESTER, Mass., Dec. 7, 2012 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) announced today that its board of directors declared a quarterly dividend of $0.33 per share on the issued and outstanding common stock of the company, payable December 28, 2012, to shareholders of record at the close of business on December 17, 2012.
"We are pleased to announce a 10 percent increase in our regular quarterly dividend," said Frederick H. Eppinger, chief executive officer at The Hanover. "This increase demonstrates the confidence our board of directors has in our financial strength and flexibility. We remain focused on providing outstanding products and services to our agent and broker partners and their customers, while delivering long-term value to our shareholders."
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. (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, Michigan, and Chaucer Holdings plc, based in London, and their affiliates. The Hanover offers a wide range of property and casualty products and services to businesses, individuals, and families through a select group of agents and brokers. The company ranks among the top 25 property and casualty insurers in the United States and has been meeting its obligations to its agent partners and their customers for 160 years. Through Chaucer, the company also underwrites business at Lloyd's of London in several major insurance and reinsurance classes, including property, marine and aviation, energy, U.K. motor and casualty. For more information, please visit www.hanover.com.
SOURCE The Hanover Insurance Group, Inc.
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