- Hubbell Inc HUBB said it The Board declared a 7% increase in its dividend rate for common stock.
- 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 approved a new share repurchase authorization of up to $300 million.
- The new share buyback program is scheduled to expire in October 2025.
- Hubbell held $438.1 million in cash and equivalents from June 30, 2022.
- Price promotion: HUBB shares trade up 1.62% at $215.90 on the last check Friday.
© 2022 Benzinga.de. Benzinga does not provide investment advice. All rights reserved.
