Hubbell Incorporated Declares 9% Dividend Increase

Rhea-AI Summary

Hubbell Incorporated (NYSE:HUBB) has announced a 9% increase in its common stock dividend rate. The new annual payment will be $4.88 per share, compared to the former rate of $4.48 per share. The dividend will be paid on December 15, 2023.

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• Hubbell Incorporated (NYSE:HUBB) has declared a 9% increase in its common stock dividend rate. The new annual payment of $4.88 per share is higher than the previous rate of $4.48 per share. This increase in dividend rate may attract investors looking for higher returns on their investment.

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• None.

Shelton, CT, Oct. 27, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Hubbell Incorporated (NYSE:HUBB) today declared a 9% increase in its common stock dividend rate. The new annual payment of $4.88 per share, or $1.22 per quarter, compares to the former rate of $4.48 per share, or $1.12 per quarter. The dividend will be paid on December 15, 2023 to shareholders of record on November 30, 2023.

Hubbell Incorporated is a leading manufacturer of utility and electrical solutions enabling customers to operate critical infrastructure reliably and efficiently. With 2022 revenues of $4.9 billion, Hubbell solutions electrify economies and energize communities. The corporate headquarters is located in Shelton, CT.

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

Source: Hubbell Inc.

FAQ

What is the new annual dividend payment for Hubbell Incorporated?

The new annual dividend payment for Hubbell Incorporated is $4.88 per share.

When will the dividend be paid?

The dividend will be paid on December 15, 2023.

What was the previous dividend rate for Hubbell Incorporated?

The previous dividend rate for Hubbell Incorporated was $4.48 per share.

Why is an increase in dividend rate important for investors?

An increase in dividend rate can attract investors looking for higher returns on their investment.