Hubbell Incorporated Declares 8% Dividend Increase and New Share Repurchase Program
October 23 2020 - 10:30AM
The Board of Directors of Hubbell Incorporated (NYSE:HUBB) today
declared an 8% increase in the common stock dividend rate. The new
annual payment of $3.92 per share, or $0.98 per quarter, compares
to the former rate of $3.64 per share, or $0.91 per quarter. The
dividend will be paid on December 15, 2020 to shareholders of
record on November 30, 2020.
Additionally, the Board of Directors approved a new share
repurchase authorization up to $300 million. This new program is
set to expire in October 2023.
Hubbell Incorporated is an international manufacturer of high
quality, reliable electrical and utility solutions for a broad
range of customer and end market applications. With 2019 revenues
of $4.6 billion, Hubbell Incorporated operates manufacturing
facilities in the United States and around the world. The corporate
headquarters is located in Shelton, CT.
Contact: Dan Innamorato
Hubbell Incorporated
40 Waterview Drive
P.O Box 1000
Shelton, CT 06484
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