The Hanover Insurance Group, Inc. Announces $150 Million ASR and $100 Million Special Cash Dividend; Raises Regular Quarterly Dividend
"We are pleased with the execution of the capital deployment and return of the remaining
Both the regular quarterly dividend of
The company's board of directors has also increased the company's existing share repurchase authorization to
Pursuant to the
Forward-Looking Statements
Certain statements in this press release constitute or may constitute forward-looking statements for purposes of the safe harbor provisions of the United States Securities Litigation Reform Act of 1995. In particular, "forward-looking statements" include statements regarding quarterly or future dividends payable to the company's shareholders, which are subject to increases, decreases or elimination, as determined by The Hanover's Board of Directors; the company's plan to utilize the remaining capacity of its current share repurchase authorization, including, but not limited to, open market repurchases, accelerated repurchase programs or other transactions; the company's earnings prospects; and future capital management actions, are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995.
The company cautions investors that such forward-looking statements utilize estimates, projections and assumptions that involve significant judgement and that neither historical results and trends nor forward-looking statements are guarantees or necessarily indicative of future performance. Actual results may differ materially.
Investors are further cautioned to consider the risks and uncertainties in the company's business that may affect the company's board of directors' decisions to increase, decrease or eliminate future dividend payments to shareholders or to repurchase shares pursuant to the company's share repurchase authorization. Additional risks and uncertainties are discussed in readily available documents, such as the company's annual report on Form 10-K and other documents filed by The Hanover with the
About The Hanover
CONTACTS |
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Investors: |
Media: |
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Oksana Lukasheva |
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Email: [email protected] |
Email: [email protected] |
Email: [email protected] |
(508) 855-2063 |
(508) 855-3099 |
(508) 855-3263 |
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