Hubbell Inc. (HUB.B) Declares Dividend of $0.50
Hubbell (NASDAQ:HUB.B) announced a dividend on Friday, July 18th, American Banking News reports. Stockholders of record on Friday, August 29th will be paid a dividend of 0.50 per share on Monday, September 15th. The ex-dividend date is Wednesday, August 27th.
On a related note, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Hubbell in a research note on Tuesday, June 10th. They now have a $135.00 price target on the stock, up previously from $122.00.
Hubbell (NASDAQ:HUB.B) last released its earnings data on Tuesday, July 22nd. The company reported $1.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.51. The company had revenue of $855.80 million for the quarter, compared to the consensus estimate of $857.66 million. During the same quarter in the previous year, the company posted $1.37 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis.
Hubbell Incorporated (NASDAQ:HUB) is engaged in the design, manufacture and sale of electrical and electronic products for a range of non-residential and residential construction, industrial and utility applications.
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