Hubbell Incorporated declares a quarterly dividend of $1.32 per share, payable March 17, 2025, to eligible shareholders.
Quiver AI Summary
Hubbell Incorporated's Board of Directors has announced a quarterly dividend of $1.32 per share on the company’s common stock, set to be paid on March 17, 2025, to shareholders on record by February 28, 2025. As a prominent manufacturer of utility and electrical solutions, Hubbell plays a crucial role in ensuring reliable and efficient operation of critical infrastructure, generating revenues of $5.4 billion in 2023. The company's headquarters is based in Shelton, Connecticut.
Potential Positives
- Hubbell Incorporated declared a regular quarterly dividend of $1.32 per share, indicating strong financial performance and commitment to returning value to shareholders.
- The upcoming dividend payment date of March 17, 2025, highlights the company's financial stability and reliability.
- The company reported 2023 revenues of $5.4 billion, showcasing significant business operations and market presence.
Potential Negatives
- Repeated payment of dividends may indicate that the company is allocating a significant portion of its earnings to shareholders, potentially limiting reinvestment in growth opportunities or innovation.
FAQ
What is the quarterly dividend amount declared by Hubbell Incorporated?
The Board of Directors declared a quarterly dividend of $1.32 per share on the Company's common stock.
When will the dividend be paid to shareholders?
The dividend will be paid on March 17, 2025, to shareholders of record on February 28, 2025.
What are Hubbell Incorporated's 2023 revenues?
Hubbell Incorporated reported revenues of $5.4 billion for the year 2023.
What type of solutions does Hubbell Incorporated provide?
Hubbell Incorporated is a leading manufacturer of utility and electrical solutions for reliable and efficient infrastructure operation.
Where is Hubbell Incorporated's corporate headquarters located?
The corporate headquarters of Hubbell Incorporated is located in Shelton, CT.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$HUBB Insider Trading Activity
$HUBB insiders have traded $HUBB stock on the open market 9 times in the past 6 months. Of those trades, 1 have been purchases and 8 have been sales.
Here’s a breakdown of recent trading of $HUBB stock by insiders over the last 6 months:
- GERBEN BAKKER (Chairman, President & CEO) has made 0 purchases and 5 sales selling 15,677 shares for an estimated $5,868,578.
- MARK EUGENE MIKES (President Electrical Solutions) sold 1,144 shares for an estimated $533,328
- JOHN F MALLOY purchased 461 shares for an estimated $206,048
- CARLOS M CARDOSO sold 450 shares for an estimated $164,043
- NERO JONATHAN M. DEL (Vice President, Controller) sold 141 shares for an estimated $67,249
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$HUBB Hedge Fund Activity
We have seen 351 institutional investors add shares of $HUBB stock to their portfolio, and 366 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MIZUHO SECURITIES USA LLC added 7,975,855 shares (+192421.1%) to their portfolio in Q3 2024, for an estimated $3,416,457,489
- BANK OF NEW YORK MELLON CORP added 661,241 shares (+32.5%) to their portfolio in Q3 2024, for an estimated $283,242,582
- DEUTSCHE BANK AG\ added 384,603 shares (+78.7%) to their portfolio in Q3 2024, for an estimated $164,744,695
- IMPAX ASSET MANAGEMENT GROUP PLC added 279,654 shares (+30.3%) to their portfolio in Q3 2024, for an estimated $119,789,790
- POINT72 ASSET MANAGEMENT, L.P. removed 269,836 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $115,584,250
- ADAGE CAPITAL PARTNERS GP, L.L.C. removed 216,192 shares (-36.4%) from their portfolio in Q3 2024, for an estimated $92,605,843
- BAIN CAPITAL PUBLIC EQUITY MANAGEMENT II, LLC removed 212,995 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $91,236,408
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Shelton, CT, Jan. 31, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Hubbell Incorporated (NYSE:HUBB) today declared a regular quarterly dividend of $1.32 per share on the Company’s common stock. The dividend will be paid March 17, 2025 to shareholders of record on February 28, 2025.
Hubbell Incorporated is a leading manufacturer of utility and electrical solutions enabling customers to operate critical infrastructure reliably and efficiently. With 2023 revenues of $5.4 billion, Hubbell solutions energize economies and electrify communities in front of and behind the meter. The corporate headquarters is located in Shelton, CT.
Contact: Dan Innamorato
Hubbell Incorporated
40 Waterview Drive
P.O Box 1000
Shelton, CT 06484