Hanover Insurance Group (THG) Declares $2.50 Special Dividend; 1.9% Yield

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Hanover Insurance Group (THG) Raises Quarterly Dividend 8.3% to $0.65; 1.9% Yield

December 5, 2019 5:44 PM EST

Hanover Insurance Group (NYSE: THG) declared a quarterly dividend of $0.65 per share, or $2.6 annualized. This is an 8.3% increase from the prior dividend of $0.60.

The dividend will be payable on December 27, 2019, to stockholders of record on December 16, 2019, with an ex-dividend date of December 13,... More

Hanover Insurance Group (THG) Announces $150 Million ASR and $100 Million Special Cash Dividend; Raises Regular Quarterly Dividend

December 5, 2019 5:43 PM EST

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 business, at the end of... More