February 29, 2012
Hanover Declares Dividend
The Hanover Insurance Group in Worcester has declared a 30-cent-per-share quarterly dividend.
The announcement comes not long after the company released its 2011 results, which showed a fourth-quarter rebound from weather-related losses.
A $49.3-million profit in the fourth quarter allowed Hanover to end the year with an annual profit of $37.1 million, overcoming $361.6 million in catastrophic losses.
The dividend will be payable March 30 to shareholders of record at the close of business on March 16.
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