December 7, 2015
Hanover insurance boosts quarterly dividend
By Sam Bonacci
The Hanover Insurance Group Inc. has declared a quarterly dividend of 46 cents that will be paid to shareholders by the end of the year.
The per-share dividend, up 12 percent from the previous quarter, is an indicator of the strong position of the company financially, according to Frederick Eppinger, president and CEO of The Hanover, based in Worcester.
This announcement came on the back of a strong third quarter where the company had net income of $78.3 million, up from $54.9 million in the third quarter of 2013. Operating income for the company was at $1.61 per share compared to $1.06 in the third quarter of 2014.
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