Benzinga | Nov 25, 2020 12:16PM EST

Analyzing Hubbell's Ex-Dividend Date

On October 23, 2020, Hubbell (NYSE: HUBB) declared a dividend payable on December 15, 2020 to its shareholders. Hubbell also announced that shareholders on the company's books on or before November 30, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Hubbell, whose current dividend payout is $0.98, has an ex-dividend date set at November 27, 2020. The payout equates to a dividend yield of 2.62% at current price levels.

What Is An Ex-Dividend Date?

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Hubbell's Dividend History

Over the past year, Hubbell has experienced an overall upward trend regarding its dividend payouts and no change regarding its yields. Last year on November 27, 2019 the company's payout was $0.91, which has since grown by $0.07. Hubbell's dividend yield last year was 2.62%, which has returned to its value today.

Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on Hubbell's previous dividends.