Two pieces of news provide a flicker of hope amid the doom and gloom.
The Hanover Insurance Group, Inc., on December 7, announced that its board of directors declared a quarterly dividend of $0.33 per share on the issued and outstanding common stock of the company, payable December 28, to shareholders of record at the close of business on December 17.
"We are pleased to announce a 10 percent increase in our regular quarterly dividend," said Frederick H. Eppinger, chief executive officer at The Hanover. "This increase demonstrates the confidence our board of directors has in our financial strength and flexibility. We remain focused on providing outstanding products and services to our agent and broker partners and their customers, while delivering long-term value to our shareholders."
The Hanover Insurance Group, Inc., based in Worcester, Mass., is the holding company for a group of insurers that includes The Hanover Insurance Company, also based in Worcester, Citizens Insurance Company of America, headquartered in Howell, Michigan, and Chaucer Holdings plc, based in London, and their affiliates.
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