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Daily Dividend Report: PCG, CBT, MRK, ALL, HRL, THG
Tuesday, May 24, 3:55 PM ET

PG&E Corporation (PCG) announced that it is raising its quarterly common stock dividend to 49 cents per share, an increase of 3.5 cents per share, beginning with dividends for the second quarter of 2016. PG&E Corporation's second quarter common stock dividend of $0.49 per share is payable on July 15, 2016, to shareholders of record on June 30, 2016.

Cabot Corporation (CBT) increased the quarterly dividend on the Company's common stock to $0.30 per share from $0.22 per share, representing a 36 percent increase. The dividend is payable on June 10, 2016 to shareholders of record at the close of business on May 27, 2016.

Merck (MRK) has declared a quarterly dividend of $0.46 per share of the company's common stock for the third quarter of 2016. Payment will be made on July 8, 2016 to shareholders of record at the close of business on June 15, 2016.

The Allstate Corporation declared a quarterly dividend of 33 cents on each outstanding share of the corporation's common stock, payable in cash on July 1, 2016, to stockholders of record at the close of business on June 3, 2016.

Hormel Foods Corporation (HRL) announced that its quarterly dividend on the common stock, authorized by the Board of Directors at fourteen and a half cents a share on May 23, 2016, will be paid August 15, 2016, to stockholders of record at the close of business on July 18, 2016.

The Hanover Insurance Group (THG) declared a quarterly dividend of $0.46 per share on the issued and outstanding common stock of the company, payable June 24, 2016, to shareholders of record at the close of business on June 10, 2016.

For MarketNewsVideo.com, I'm Sayoko Murase.

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