Hanover Insurance Group Hikes Quarterly Dividend By 5% From $0.81 To $0.85 Per Share
Portfolio Pulse from Benzinga Newsdesk
Hanover Insurance Group has announced a 5% increase in its quarterly dividend, raising it from $0.81 to $0.85 per share. The dividend will be payable on December 29, 2023, to shareholders of record as of December 15, 2023.
December 04, 2023 | 9:40 pm
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Hanover Insurance Group (THG) has increased its quarterly dividend by 5%, which may be seen as a sign of financial strength and commitment to returning value to shareholders.
Dividend increases are typically viewed positively by the market as they often indicate a company's good financial health and a positive outlook. This increase in THG's dividend may attract income-focused investors and could lead to a short-term uptick in the stock price.
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