Hubbell Inc. (HUB-B) Raises Quarterly Dividend 12% to $0.56; Approves $300M Buyback

Hubbell Inc. (NYSE: HUB-B) declared a quarterly dividend of $0.56 per share, or $2.24 annualized. This is a 12% increase from the prior dividend of $0.50.

The dividend will be payable on December 15, 2014, to stockholders of record on November 28, 2014, with an ex-dividend date of November 25, 2014.

The annual yield on the dividend is 2.1 percent.

The share repurchase program authorizes the repurchase from time to time of up to $300 million of the Company's Class A and Class B common stock. Depending on numerous factors, including market conditions and alternative uses of cash, the Company may conduct discretionary repurchases through open market and privately negotiated transactions during the Company's normal trading window.

The repurchase program that was authorized today expires in October of 2017.

For a dividend history and other dividend-related data on Hubbell Inc. (HUB-B) click here.

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