The board of directors of The Hanover Insurance Group, Inc. (THG) approved a 5.9% hike in its quarterly dividend, marking the 20th straight year of increase. The payout now stands at 90 cents per share compared with the earlier payout of 85 cents per share. The company’s five-year annualized dividend growth of about 6.8% and the payout ratio of 30 not only reflect this Zacks Rank #3 (Hold) insurer’s operational strength but also its commitment to distributing wealth to shareholders. This insurer also pays s ...