The Hanover Insurance Group, Inc.
THGFinancial Services · Stock · quarterly payer
Forward Yield
1.75%
Annual Dividend
$3.80
Payout Ratio
18%
5-Yr Growth
6.6%
Ex-Date
Sep 11, 2026
Frequency
Quarterly
Summary
As of September 2026, The Hanover Insurance Group, Inc. (THG) yields 1.75% ($3.80 per share annually), with a blended fair-value estimate of $491.53 — +116% upside, so it screens as undervalued. Dividend safety grade: A (97/100). 15 years of dividend growth.
Is THG a good dividend stock?
YesThe Hanover Insurance Group, Inc. (THG) pays a quarterly dividend yielding 1.75% ($3.80/yr), with 15 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 15 consecutive years of dividend growth
- Never cut its dividend on record
- Comfortable payout ratio (18%)
- Strong 6.6% 5-yr dividend growth
- 80% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 1.75%
- Payout Ratio
- 18%
- Annual Dividend
- $3.80
- 5-Yr Avg Growth
- 6.6%
- Ex-Dividend Date
- Sep 11, 2026
- Years of Growth
- 15
- Frequency
- quarterly
- Beta
- 0.28
- Market Cap
- $7.6B
- P/E Ratio
- 10.5
- 5-Yr Total Return
- 80%
- 52-Week Range
- $166.54 – $236.07
- Dividend Safety
- A · 97/100
- Ever Cut?
- No
Frequently Asked Questions
THG Price — Last 12 Months
Daily close
Price Return
1 Year
+33%
3 Years
+94%
5 Years
+80%
52-Week Range
$166.54 – $236.07
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is THG worth?
Undervaluedlow confidenceOur blended fair-value estimate for The Hanover Insurance Group, Inc. is $491.53 per share, versus a market price of $227.31. That implies 116% of upside — a margin of safety of about 54%.
Fair Value
$491.53
Current Price
$227.31
Upside
+116%
Margin of Safety
54%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 10.5% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 10.5% stage-1 growth, 2.5% terminal growth, $20.89 EPS, $3.80 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
THG Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full THG dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 11, 2026 | — | $0.9500 | regular |
| Jun 12, 2026 | — | $0.9500 | regular |
| Mar 13, 2026 | — | $0.9500 | regular |
| Dec 12, 2025 | — | $0.9500 | regular |
| Sep 12, 2025 | — | $0.9000 | regular |
| Jun 13, 2025 | — | $0.9000 | regular |
| Mar 14, 2025 | — | $0.9000 | regular |
| Dec 13, 2024 | — | $0.9000 | regular |
| Sep 13, 2024 | — | $0.8500 | regular |
| Jun 14, 2024 | — | $0.8500 | regular |
| Mar 14, 2024 | — | $0.8500 | regular |
| Dec 14, 2023 | — | $0.8500 | regular |
| Sep 14, 2023 | — | $0.8100 | regular |
| Jun 15, 2023 | — | $0.8100 | regular |
Income Calculator
At $3.80 / yr per share
Similar Dividend Stocks
Compare THG
Explore more
Lists and tools related to THG
- Undervalued dividend stocks →
- Safest dividend stocks →
- Financial Services dividend stocks →
- Dividend calendar →
- Dividend income calculator →
- DRIP calculator →
- Latest dividend cuts →
- Dividend cuts this month (research note) →
- Dividend increases this month (research note) →
- Safety score track record →
- Dividend screener →
- Dividend history lookup →
- Guide: what is a good dividend yield? →
- Guide: how to value a dividend stock →