ORANGE, Conn.--(BUSINESS WIRE)--June 4, 2008--The Board of Directors of Hubbell Incorporated (NYSE: HUBA, HUBB) today declared an increase in the common stock dividend rate. The new annual payment rate of $1.40 per share or $.35 per quarter, compares to the former annual rate of $1.32, or $.33 per quarter.
The increased quarterly dividend will be paid on July 11, 2008, to holders of record on June 16, 2008.
"This increase affirms our confidence in the earnings and cash flow generation of the Company and enhances Hubbell's shareholder value through dividend yield," 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 2007 revenues of $2.5 billion, Hubbell Incorporated operates manufacturing facilities in the U.S., Canada, Puerto Rico, Mexico, Italy, Switzerland, Brazil, Australia and the United Kingdom, participates in joint ventures in Taiwan and the People's Republic of China, and maintains sales offices in Singapore, Hong Kong, South Korea, the People's Republic of China, Mexico, and the Middle East. The corporate headquarters is located in Orange, CT.
CONTACT: Hubbell Incorporated David G. Nord, 203-799-4100 SOURCE: Hubbell Incorporated