Hanover Insurance Group Dividends and Buybacks
Dividend criteria checks 4/6
Hanover Insurance Group is a dividend paying company with a current yield of 2.65%. Next payment date is on 5th January, 2024 with an ex-dividend date of 14th December, 2023.
Key information
2.7%
Dividend yield
-0.2%
Buyback Yield
| Total Shareholder Yield | 2.5% |
| Future Dividend Yield | 2.9% |
| Dividend Growth | 0.3% |
| Next dividend pay date | 05 Jan 24 |
| Ex dividend date | 14 Dec 23 |
| Dividend per share | n/a |
| Payout ratio | -135% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: THGI34's dividends per share have been stable in the past 10 years.
Growing Dividend: THGI34's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Hanover Insurance Group Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (THGI34) | 2.7% |
| Market Bottom 25% (BR) | 3.0% |
| Market Top 25% (BR) | 9.6% |
| Industry Average (Insurance) | 6.8% |
| Analyst forecast (THGI34) (up to 3 years) | 2.9% |
Notable Dividend: THGI34's dividend (2.65%) is higher than the bottom 25% of dividend payers in the BR market (1.78%).
High Dividend: THGI34's dividend (2.65%) is low compared to the top 25% of dividend payers in the BR market (8.08%).
Earnings Payout to Shareholders
Earnings Coverage: THGI34 is paying a dividend but the company is unprofitable.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (26.8%), THGI34's dividend payments are well covered by cash flows.