Hanover Insurance Gr: Dividend Insights
Portfolio Pulse from Benzinga Insights
Hanover Insurance Gr (NYSE:THG) has announced a quarterly dividend of 81 cents per share. The stock will go ex-dividend on Thursday, meaning it will trade lower to reflect the payout. Shareholders owning THG as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on September 29, 2023.
September 11, 2023 | 2:45 pm
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Hanover Insurance Gr's announcement of a quarterly dividend of 81 cents per share may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend payout process and not a reflection of the company's performance.
When a stock goes ex-dividend, it typically trades lower to reflect the payout, which can lead to a short-term decrease in the stock price. However, this is a normal part of the dividend payout process and does not reflect negatively on the company's performance. Investors who hold the stock until the ex-dividend date will receive the dividend, providing them with income or additional capital to reinvest.
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