Hubbell Incorporated Declares 8% Dividend Increase

Hubbell Incorporated (NYSE:HUBB) announced an 8% increase in its common stock dividend rate.

Rhea-AI Summary

Hubbell Incorporated (NYSE:HUBB) announced an 8% increase in its common stock dividend rate. The new annual payment will be $5.28 per share ($1.32 quarterly), up from the previous $4.88 per share ($1.22 quarterly). The dividend is payable on December 16, 2024, to shareholders of record on November 29, 2024. The company, which manufactures utility and electrical solutions, reported 2023 revenues of $5.4 billion.

Positive

• 8% dividend increase demonstrates strong financial position
• New annual dividend of $5.28 per share provides enhanced shareholder returns
• Solid revenue base of $5.4 billion in 2023

Negative

• None.

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News Market Reaction – HUBB

In the trading session that priced this news, HUBB declined 1.26%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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Shelton, CT, Oct. 25, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Hubbell Incorporated (NYSE:HUBB) today declared a 8% increase in its common stock dividend rate. The new annual payment of $5.28 per share, or $1.32 per quarter, compares to the former rate of $4.88 per share, or $1.22 per quarter. The dividend will be paid on December 16, 2024 to shareholders of record on November 29, 2024.

Hubbell Incorporated is a leading manufacturer of utility and electrical solutions enabling customers to operate critical infrastructure reliably and efficiently. With 2023 revenues of $5.4 billion, Hubbell solutions energize economies and electrify communities in front of and behind the meter. The corporate headquarters is located in Shelton, CT.

Contact:     Dan Innamorato
                   Hubbell Incorporated
                   40 Waterview Drive
                   P.O Box 1000
                   Shelton, CT 06484

FAQ

What is Hubbell's new quarterly dividend payment for 2024?

Hubbell's (HUBB) new quarterly dividend payment is $1.32 per share, effective December 16, 2024.

How much did Hubbell increase its dividend in October 2024?

Hubbell (HUBB) increased its dividend by 8%, raising the annual payment from $4.88 to $5.28 per share.

When is Hubbell's next dividend payment date?

Hubbell's (HUBB) next dividend payment is scheduled for December 16, 2024, for shareholders of record as of November 29, 2024.

What was Hubbell's revenue in 2023?

Hubbell (HUBB) reported revenues of $5.4 billion for the year 2023.