December 10, 2012
Hanover Ups Quarterly Dividend
After a year in the black, The Hanover Insurance Group of Worcester has increased its quarterly dividend by 10 percent, to 33 cents per share.
It will be payable Dec. 28 to shareholders of record at the end of the business day Dec. 17.
After a tough first three quarters of 2011 due to bad weather, the insurance company ended last year with a profit and has continued to do so since. In the third quarter of 2012, Hanover posted a profit of $40.4 million, up from the $20.8 million it saw for the previous quarter.
The company last increased its dividend in August, when it was raised from 27.5 cents per share, where it had stood since November 2011.
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