WORCESTER, Mass., Dec. 7, 2018 /PRNewswire/ -- The Hanover Insurance Group, Inc. (THG) announced today that its board of directors has declared a quarterly dividend of $0.60 per share on the issued and outstanding common stock of the company, payable December 28, 2018, to shareholders of record at the close of business on December 17, 2018.
"We are pleased to announce an 11% increase in our regular quarterly dividend," said John C. Roche, president and chief executive office at The Hanover. "This increase represents the 14th consecutive year of increases to our regular quarterly dividend. It is a testament to our strong financial condition and earnings performance, and a reflection of our board's confidence in our prospects."
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 the United States. The company provides exceptional insurance solutions in a dynamic world. The Hanover distributes its products through a select group of independent agents and brokers. Together with its agents, The Hanover offers standard and specialized insurance protection for small and mid-sized businesses, as well as for homes, automobiles, and other personal items. The Hanover also writes international business through its subsidiary, Chaucer. As announced on September 13, 2018, Chaucer is subject to a sale agreement with China Reinsurance (Group) Corporation. 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. 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, including those risks which are discussed in readily available documents, such as the Company's annual report on Form 10-K and other documents filed by The Hanover with the Securities and Exchange Commission and which are also available at www.hanover.com under "Investors."
Michael F. Buckley
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