The Hanover Insurance Group, Inc., through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, and workers' compensation insurance products, as well as management and professional liability, marine, specialty industrial and commercial property, monoline general liability, surety, umbrella, fidelity, crime, and other commercial coverages. The Personal Lines segment provides personal automobile and homeowner's coverages, as well as other personal coverages, such as personal umbrella, inland marine, fire, personal watercraft, personal cyber, and other miscellaneous coverages. The Other segment markets investment management services to institutions, pension funds, and other organizations. The Hanover Insurance Group, Inc. markets its products and services through independent agents and brokers. The company was formerly known as Allmerica Financial Corp. and changed its name to The Hanover Insurance Group, Inc. in December 2005. The Hanover Insurance Group, Inc. was founded in 1852 and is headquartered in Worcester, Massachusetts.
Hanover Insurance Dividend Announcement
• Hanover Insurance announced a quarterly dividend of $0.85 per ordinary share which will be made payable on 2024-09-27. Ex dividend date: 2024-09-13
• Hanover Insurance annual dividend for 2024 was $2.55
• Hanover Insurance annual dividend for 2023 was $3.28
• Hanover Insurance's trailing twelve-month (TTM) dividend yield is 2.1%
• Hanover Insurance's payout ratio for the trailing twelve months (TTM) is 33.33%
• Hanover Insurance's dividend growth over the last five years (2018-2023) was 8.12% year
• Hanover Insurance's dividend growth over the last ten years (2013-2023) was 9.20% year
Hanover Insurance Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-13 | $0.85 | quarterly | 2024-09-27 |
2024-06-14 | $0.85 | quarterly | 2024-06-28 |
2024-03-14 | $0.85 | quarterly | 2024-03-29 |
2023-12-14 | $0.85 | quarterly | 2023-12-29 |
2023-09-14 | $0.81 | quarterly | 2023-09-29 |
2023-06-15 | $0.81 | quarterly | 2023-06-30 |
2023-03-14 | $0.81 | quarterly | 2023-03-31 |
2022-12-14 | $0.81 | quarterly | 2022-12-30 |
2022-09-15 | $0.75 | quarterly | 2022-09-30 |
2022-06-09 | $0.75 | quarterly | 2022-06-24 |
2022-03-10 | $0.75 | quarterly | 2022-03-25 |
2021-12-15 | $0.75 | quarterly | 2021-12-30 |
2021-09-09 | $0.70 | quarterly | 2021-09-24 |
2021-06-10 | $0.70 | quarterly | 2021-06-25 |
2021-03-11 | $0.70 | quarterly | 2021-03-26 |
2020-12-17 | $0.70 | quarterly | 2020-12-30 |
2020-09-10 | $0.65 | quarterly | 2020-09-25 |
2020-06-11 | $0.65 | quarterly | 2020-06-26 |
2020-03-12 | $0.65 | quarterly | 2020-03-27 |
2019-12-13 | $3.15 | quarterly | 2019-12-27 |
2019-09-12 | $0.60 | quarterly | 2019-09-27 |
2019-06-07 | $0.60 | quarterly | 2019-06-28 |
2019-03-14 | $0.60 | quarterly | 2019-03-29 |
2019-01-09 | $4.75 | quarterly | 2019-01-25 |
2018-12-14 | $0.60 | quarterly | 2018-12-28 |
2018-09-13 | $0.54 | quarterly | 2018-09-28 |
2018-06-07 | $0.54 | quarterly | 2018-06-29 |
2018-03-08 | $0.54 | quarterly | 2018-03-29 |
2017-12-14 | $0.54 | quarterly | 2017-12-29 |
2017-09-14 | $0.50 | quarterly | 2017-09-29 |
2017-06-07 | $0.50 | quarterly | 2017-06-30 |
2017-03-08 | $0.50 | quarterly | 2017-03-31 |
2016-12-14 | $0.50 | quarterly | 2016-12-30 |
2016-09-14 | $0.46 | quarterly | 2016-09-30 |
2016-06-08 | $0.46 | quarterly | 2016-06-24 |
2016-03-09 | $0.46 | quarterly | 2016-03-25 |
2015-12-16 | $0.46 | quarterly | 2015-12-31 |
2015-09-09 | $0.41 | quarterly | 2015-09-25 |
2015-06-10 | $0.41 | quarterly | 2015-06-26 |
2015-03-11 | $0.41 | quarterly | 2015-03-27 |
2014-12-11 | $0.41 | quarterly | 2014-12-26 |
2014-09-10 | $0.37 | quarterly | 2014-09-26 |
2014-06-11 | $0.37 | quarterly | 2014-06-27 |
2014-03-12 | $0.37 | quarterly | 2014-03-28 |
2013-12-12 | $0.37 | quarterly | 2013-12-27 |
2013-09-11 | $0.33 | quarterly | 2013-09-27 |
2013-06-12 | $0.33 | quarterly | 2013-06-28 |
2013-03-13 | $0.33 | quarterly | 2013-03-29 |
Hanover Insurance Dividend per year
Hanover Insurance Dividend growth
Hanover Insurance Dividend Yield
Hanover Insurance current trailing twelve-month (TTM) dividend yield is 2.1%. Interested in purchasing Hanover Insurance stock? Use our calculator to estimate your expected dividend yield:
Hanover Insurance Financial Ratios
Hanover Insurance Dividend FAQ
Other factors to consider when evaluating Hanover Insurance as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Hanover Insurance's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Hanover Insurance publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Hanover Insurance distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Hanover Insurance are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Hanover Insurance sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Hanover Insurance distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Hanover Insurance declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Hanover Insurance's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Hanover Insurance's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.