Hubbell Incorporated Declares 7% Dividend Increase

Rhea-AI Summary

The Board of Directors of Hubbell Incorporated declared a 7% increase in its common stock dividend, raising the annual rate to $4.20 per share, or $1.05 quarterly, up from $3.92 per share. This dividend will be paid on December 15, 2021, to shareholders on record as of November 30, 2021. In 2020, the company reported revenues of $4.2 billion, highlighting its strong position as a manufacturer of utility and electrical solutions.

Positive

• 7% dividend increase to $4.20 per share enhances shareholder income.
• Strong revenue of $4.2 billion reinforces company stability and market confidence.

Negative

• None.

Shelton, CT, Oct. 22, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Hubbell Incorporated (NYSE:HUBB) today declared a 7% increase in the common stock dividend rate. The new annual payment of $4.20 per share, or $1.05 per quarter, compares to the former rate of $3.92 per share, or $0.98 per quarter. The dividend will be paid on December 15, 2021 to shareholders of record on November 30, 2021. 

Hubbell Incorporated is a leading manufacturer of utility and electrical solutions enabling customers to operate critical infrastructure reliably and efficiently. With 2020 revenues of $4.2 billion, Hubbell solutions empower and energize communities in front of and behind the meter. The corporate headquarters is located in Shelton, CT.

Dan Innamorato
Hubbell Incorporated
40 Waterview Drive
P.O. Box 1000
Shelton, CT 06484
(475)882-4000

FAQ

What is the new dividend rate for Hubbell Incorporated (HUBB)?

The new dividend rate is $4.20 per share, an increase of 7%.

When will the dividend be paid for HUBB stock?

The dividend will be paid on December 15, 2021.

Who is eligible for the dividend payment for HUBB?

Shareholders of record as of November 30, 2021, will be eligible for the dividend.

What were the revenues reported by Hubbell Incorporated in 2020?

Hubbell Incorporated reported revenues of $4.2 billion in 2020.