October 22, 2009
Hanover Raises Dividend
The Hanover Insurance Group Inc. of Worcester has declared an annual dividend of $0.75 per share, up from $0.45 last year.
The increase marks the fifth time in as many years that the company has raised its dividend, the company said.
The Hanover board also authorized changing the company's dividend payment schedule from a single annual payment to quarterly payments starting in 2010.
The 2009 dividend is payable Dec. 9 to shareholders of record as of Nov. 25.
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