Hubbell hikes dividend by 6.7%

On October 21, 2022, Hubbell Incorporated (HUBB) announced that it will raise its quarterly dividend by 6.7 percent to $1.12 per share. This follows a dividend hike of 7.1 percent in 2021 by HUBB and marks 15 consecutive years of increased dividends.

The new annual payment of $4.48 per share, or $1.12 per quarter, compares to the former rate of $4.20 per share, or $1.05 per quarter. The dividend will be paid on December 15, 2022 to shareholders of record on November 30, 2022. A new annual rate of $4.48 per share yields 2.1% at a stock price of $216.

Hubbell Incorporated is engaged in the design, manufacture and sale of electrical and electronic products for a range of non-residential and residential construction, industrial and utility applications.Hubbell Incorporated operates manufacturing facilities in the United States and around the world. The corporate headquarters is located in Shelton, CT.