Hubbell Inc (NYSE:HUBB) Plans Quarterly Dividend of $1.42

Hubbell Inc (NYSE:HUBB) declared a quarterly dividend on Friday, April 24th. Shareholders of record on Friday, May 29th will be paid a dividend of 1.42 per share by the industrial products company on Monday, June 15th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, May 29th.

Hubbell has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 17 consecutive years. Hubbell has a payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Hubbell to earn $21.61 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 26.3%.

Hubbell Price Performance

Shares of HUBB opened at $476.95 on Wednesday. Hubbell has a twelve month low of $374.68 and a twelve month high of $565.50. The firm’s fifty day simple moving average is $503.61 and its 200-day simple moving average is $481.59. The firm has a market capitalization of $25.36 billion, a price-to-earnings ratio of 28.17, a PEG ratio of 2.39 and a beta of 0.95. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 0.54.

Hubbell (NYSE:HUBB) last issued its earnings results on Thursday, April 30th. The industrial products company reported $3.93 EPS for the quarter, topping analysts’ consensus estimates of $3.87 by $0.06. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. Hubbell had a net margin of 15.10% and a return on equity of 27.09%. The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.50 earnings per share. Hubbell has set its FY 2026 guidance at 19.300-19.850 EPS. Equities analysts forecast that Hubbell will post 19.83 EPS for the current fiscal year.

About Hubbell

Hubbell Incorporated (NYSE: HUBB) is an industrial manufacturer and distributor of electrical and electronic products serving a range of end markets including commercial and residential construction, industrial, and utility customers. Founded in 1888 by Harvey Hubbell, the company has a long history in electrical innovation and product development and is headquartered in Connecticut. Hubbell designs, manufactures and sells components and systems that enable the distribution and control of electrical power and provide lighting solutions for indoor and outdoor environments.

The company’s offerings span a broad portfolio of products used by contractors, utilities, original equipment manufacturers and facility owners.