Hanover Insurance Group Inc. (THG) said that its board has declared an annual dividend of $0.75 per share on the issued and outstanding common stock of the company, payable December 9, 2009, to shareholders of record at the close of business on November 25, 2009. This represents an increase of 30 cents, or 67% from the dividend paid last year.
The board also authorized a change in the company's dividend payment schedule from a single annual cash dividend to quarterly dividend payments, subject to subsequent board authorization and declaration each quarter, beginning in fiscal year 2010.
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