Hanover Insurance Group Boosts Dividend

Stock quotes in this article: THG  

WORCESTER, Mass. (AP) — Insurance holding company Hanover Insurance Group Inc. said Tuesday its board raised the annual dividend by 30 cents, or 67 percent, to 75 cents per share from last year's payout.

The dividend is payable Dec. 9 to shareholders of record at the close of business on Nov. 25.

The board also authorized a change in the company's dividend payment schedule from a single annual cash dividend to quarterly dividend payments beginning in fiscal year 2010.

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