Hubbell Declares 11% Dividend Increase
(Thomson Reuters ONE) -
SHELTON, CT. (October 15, 2013) - The Board of Directors of Hubbell
Incorporated (NYSE: HUBA, HUBB) today declared an 11% increase in the common
stock dividend rate. The new annual payment rate of $2.00 per share or $0.50 per
quarter compares to the former rate of $1.80 or $0.45 per quarter. The dividend
will be paid on December 13, 2013 to shareholders of record on November
29, 2013.
"The dividend increase reflects our confidence in the strength of our businesses
and Hubbell's ability to generate strong cash flow," said Hubbell Chief
Executive Officer David G. Nord. "The increase is consistent with our capital
allocation strategy to invest in our businesses, complete acquisitions and
return cash to shareholders."
Hubbell Incorporated is an international manufacturer of quality electrical and
electronic products for a broad range of non-residential and residential
construction, industrial and utility applications. With 2012 revenues of $3.0
billion, Hubbell Incorporated operates manufacturing facilities in the United
States, Canada, Switzerland, Puerto Rico, Mexico, the People's Republic of China
("China"), Italy, the United Kingdom, Brazil and Australia. Hubbell also
participates in joint ventures in Taiwan and Hong Kong, and maintains sales
offices in Singapore, China, India, Mexico, South Korea, and countries in the
Middle East. The corporate headquarters is located in Shelton, CT.
#####
Contact: James M. Farrell
Hubbell Incorporated
40 Waterview Drive
P.O. Box 1000
Shelton, Connecticut 06484
(475) 882-4000
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Source: Hubbell Inc. via Thomson Reuters ONE
[HUG#1735839]
Unternehmensinformation / Kurzprofil:
Datum: 15.10.2013 - 17:53 Uhr
Sprache: Deutsch
News-ID 305992
Anzahl Zeichen: 2433
contact information:
Town:
Shelton
Kategorie:
Business News
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