The Hanover Insurance Group, Inc. (NYSE: THG) announced its board of directors has approved an increase in the company’s quarterly dividend to $0.75 per share on the issued and outstanding common stock of the company, payable December 30, 2021, to shareholders of record at the close of business on December 16, 2021.
“We are very pleased to announce a 7% increase in our quarterly dividend, which underscores the strength of our balance sheet and go-forward earnings potential,” said John C. Roche, president and chief executive officer at The Hanover. “The increase reinforces the board’s confidence in our financial position and prospects. Our distinctive strategy, customer-centric capabilities, and balanced approach to capital allocation and management continue to position us well to drive sustainable, profitable growth across our businesses and to deliver value for our shareholders. We are incredibly excited about the opportunities ahead.”
