Hubbell Inc (HUBB) to Issue Quarterly Dividend of $1.42 on December 15th

Hubbell Inc (NYSE:HUBB) declared a quarterly dividend on Thursday, October 23rd. Stockholders of record on Friday, November 28th will be paid a dividend of 1.42 per share by the industrial products company on Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, November 28th. This is a 7.6% increase from Hubbell’s previous quarterly dividend of $1.32.

Hubbell has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 17 years. Hubbell has a dividend payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hubbell to earn $18.96 per share next year, which means the company should continue to be able to cover its $5.68 annual dividend with an expected future payout ratio of 30.0%.

Hubbell Stock Up 0.4%

NYSE:HUBB traded up $1.77 during midday trading on Wednesday, reaching $431.59. 51,786 shares of the stock traded hands, compared to its average volume of 599,283. The stock has a market capitalization of $22.94 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 2.60 and a beta of 1.00. Hubbell has a 12-month low of $299.42 and a 12-month high of $484.26. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.76 and a current ratio of 1.36. The business has a 50-day moving average of $435.07 and a two-hundred day moving average of $422.26.

Hubbell (NYSE:HUBB) last released its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $5.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.19. Hubbell had a net margin of 15.24% and a return on equity of 27.68%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the company earned $4.49 earnings per share. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. Hubbell has set its FY 2025 guidance at 18.100-18.30 EPS. On average, equities analysts forecast that Hubbell will post 17.63 earnings per share for the current fiscal year.

About Hubbell

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies.