Hubbell Inc. : Hubbell Declares 10% Dividend Increase and Accelerates Quarterly Dividend Payment
12/04/2012| 04:17pm US/Eastern
HUBBELL DECLARES 10% DIVIDEND INCREASE
AND ACCELERATES QUARTERLY DIVIDEND PAYMENT
SHELTON, CT. (December 4, 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 $1.80 per share, or $0.45 per quarter compares to the former rate of $1.64, or $0.41 per quarter. In addition, the Board of Directors approved accelerating the regular quarterly dividend payment from January 2013 to December 2012. The dividend will be paid on December 26, 2012 to shareholders of record on December 14, 2012.
"We are pleased to declare our second dividend increase this year," said Chairman Timothy H. Powers. "Increasing the dividend and accelerating the payment reflects our 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.
Contact: James M. Farrell
40 Waterview Drive
P.O. Box 1000
Shelton, Connecticut 06484