Hubbell Incorporated Declares 10% Dividend Increase and New Share Repurchase Program
(Thomson Reuters ONE) -
SHELTON, CT. (October 20, 2017) - The Board of Directors of Hubbell Incorporated
(NYSE: HUBB) today declared a 10% increase in the common stock dividend rate.
The new annual payment of $3.08 per share, or $0.77 per quarter, compares to the
former rate of $2.80 or $0.70 per quarter. The dividend will be paid on December
15, 2017 to shareholders of record on November 30, 2017.
Additionally, the Board of Directors approved a new share repurchase
authorization of up to $400 million. This new program is set to expire in
October 2020.
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 2016 revenues of $3.5
billion, Hubbell Incorporated operates manufacturing facilities in the United
States and around the world. The corporate headquarters is located in Shelton,
CT.
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Contact: Steve Beers
Hubbell Incorporated
40 Waterview Drive
P.O Box 1000
Shelton, CT 06484
(475) 882-4000
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Hubbell Inc. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 20.10.2017 - 15:02 Uhr
Sprache: Deutsch
News-ID 564562
Anzahl Zeichen: 1751
contact information:
Town:
Shelton
Kategorie:
Business News
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