Hubbell Announces Quarterly Dividend Increase From $1.22 To $1.32 Per Share
Portfolio Pulse from Benzinga Newsdesk
Hubbell Incorporated has announced an 8% increase in its quarterly dividend, raising it from $1.22 to $1.32 per share. The new annual dividend payment will be $5.28 per share. The dividend is payable on December 16, 2024, to shareholders of record on November 29, 2024.
October 25, 2024 | 4:02 pm
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Hubbell Incorporated has increased its quarterly dividend by 8%, from $1.22 to $1.32 per share, indicating strong financial health and commitment to returning value to shareholders.
The increase in dividend suggests that Hubbell is performing well financially and is confident in its future cash flows. This is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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