SHELTON, Conn.--(BUSINESS WIRE)--Feb. 10, 2012--
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 $1.64 per share, or $0.41 per quarter compares to the
former rate of $1.52, or $0.38 per quarter.
The increased quarterly dividend will be paid on April 11, 2012, to
shareholders of record on March 5, 2012.
“We are pleased to declare for the third consecutive year an increase in
Hubbell’s dividend, said Timothy H. Powers, Chairman, President, and
Chief Executive Officer. “It reflects our continued strong cash
generation and commitment to increasing shareholder value.”
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
2011 revenues of $2.9 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