SHELTON, Conn., Feb 11, 2011 (BUSINESS WIRE) --
The Board of Directors of Hubbell Incorporated (NYSE: HUBA, HUBB) declared an increase in the common stock dividend rate. The new annual payment rate of $1.52 per share, or $0.38 per quarter compares to the former rate of $1.44, or $0.36 per quarter.
The increased quarterly dividend will be paid on April 11, 2011, to shareholders of record on March 7, 2011.
"This dividend increase affirms our confidence in Hubbell's cash flow generation capabilities and commitment to increasing shareholder value." said Timothy H. Powers, Chairman, President, and Chief Executive Officer.
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 2010 revenues of $2.5 billion, Hubbell Incorporated operates manufacturing facilities in the United States, Canada, Switzerland, Puerto Rico, Mexico, the People's Republic of 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, the People's Republic of China, Mexico, South Korea, and the Middle East. The corporate headquarters is located in Shelton, CT.
SOURCE: Hubbell Incorporated
James M. Farrell, 475-882-4000