Benzinga | Oct 22, 2021 02:33PM EDT

Hubbell Hikes Dividend By 7%

* Hubbell Inc (NYSE:HUBB) has declared a 7% increase in the common stock dividend rate.

* Refecting the increase, the new annual payment will be $4.20 per share, or $1.05 per quarter, compared to the former rate of $3.92 per share, or $0.98 per quarter.

* The dividend will be paid on December 15, 2021, to shareholders of record on November 30, 2021, and ex-dividend on November 29, 2021.

* Hubbell held cash and equivalents of $265.4 million as of June 30, 2021.

* Price Action: HUBB shares are trading higher by 0.66% at $192.07 on the last check Friday.