Understanding Hanover Insurance Gr's Ex-Dividend Date

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Hanover Insurance Gr THG declared a dividend payable on June 25, 2021 to its shareholders as of June 1, 2021. It was also announced that shareholders of Hanover Insurance Gr's stock as of June 11, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Hanover Insurance Gr has an ex-dividend date set for for June 10, 2021. The company's current dividend payout is $0.7, which equates to a dividend yield of 2.01% at current price levels.

The Significance Of An Ex-Dividend Date

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Hanover Insurance Gr's Dividend History

Over the past year, Hanover Insurance Gr has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on June 11, 2020 the company's payout was $0.65, which has since grown by $0.05. Hanover Insurance Gr's dividend yield last year was 2.53%, which has since decreased by 0.52%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on Hanover Insurance Gr's previous dividends.

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Posted In: DividendsBZI-ExDiv
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