Hanover Insurance Group will pay a quarterly dividend of 41 cents per share to its stockholders, the company announced Friday.
The dividend will be paid March 27 to shareholders of record as of the close of business on March 13, the company said.
Last month, Hanover reported a profit of $89.9 million for the fourth quarter, ending what president and CEO Frederick H. Eppinger called “a strong year” for the company.
In a quarterly statement, the profit amounted to $2 per share, compared with $1.57 for the fourth quarter of 2013, when net income totaled $70.1 million.
