Hanover Dividend Keeps Rising

Despite the tough climate in the insurance industry, The Hanover Insurance Group Inc. of Worcester has declared an annual dividend of $0.45 per share.

The dividend is 5 cents higher than last year, the company said. It said this is the fourth consecutive year it has increased the dividend. The money is payable Dec. 10.

The company is the holding group for The Hanover Insurance Co. in Worcester, Citizens Insurance Co. of America in Michigan and their affiliates.