Shelton, CT, Oct. 21, 2022 (GLOBE NEWSWIRE) — The Board of Directors of Hubbell Incorporated HUBB today announced a 7% increase in its common stock dividend. The new annual payment of $4.48 per share, or $1.12 per quarter, compares to the previous 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.
In addition, the Board of Directors approved a new share repurchase authorization of up to $300 million. This new program expires in October 2025.
Hubbell Incorporated is a leading manufacturer of utility and electrical solutions that enable customers to run critical infrastructure reliably and efficiently. With 2021 sales of $4.2 billion, Hubbell solutions empower and empower communities in front of and behind the counter. The company’s headquarters are in Shelton, Connecticut.
Contact: Dan Innamorato
Hubbell Incorporated
40 Waterview Drive
PO Box 1000
Shelton, CT06484
