Hanover Insurance Group (THG) Declares $2.50 Special Dividend; 1.9% Yield
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The Hanover Insurance Group, Inc. Announces $150 Million ASR and $100 Million Special Cash Dividend; Raises Regular Quarterly Dividend
December 5, 2019 5:42 PM ESTWORCESTER, Mass., Dec. 5, 2019 /PRNewswire/ -- The Hanover Insurance Group, Inc. (NYSE: THG) announced today  it has entered into an accelerated share repurchase agreement ("ASR agreement") to buy back $150 million of its common stock. In addition, the company's board of directors has declared a special cash dividend of $2.50 per share and increased its regular quarterly dividend to $0.65 per share. With the $150 million ASR agreement and the $100 million in aggregate value of the $2.50 per share special dividend, the company has completed the deployment of $850 million of capital generated through the sale of Chaucer, its Lloyd's... More
