By Colin Kellaher
Hubbell's board has raised the utility and electrical solutions maker's quarterly dividend by 8.2%, to $1.32 from $1.22.
The new payout, equal to $5.28 a year, represents an annual yield of about 1.18% based on Friday's trading price of $446.60, up from 1.09%.
The Shelton, Conn., company said the increased dividend is payable Dec. 16 to shareholders of record Nov. 29.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
October 25, 2024 12:16 ET (16:16 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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