The Commerce Group, Inc. announced that the Board of Directors of Directors of the Massachusetts-based personal and commercial P/C insurer has approved a regular quarterly cash dividend of $0.32 per share on the issued and outstanding common stock of the Company, payable September 12, 2003 to shareholders of record at the close of business on August 29, 2003.
The announcement also noted that the Board had elected Randall V. Becker, who has been the Treasurer and Chief Accounting Officer of the Company since 1994, as a Director of the Company. His father, Herman F. Becker, served as a Director until his passing in June of this year. He was an original founding Director of the Company. Randall Becker began his career with Commerce Group in 1986.
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