Hubbell Incorporated (NYSE: HUBB) declares quarterly dividend of $ 1.05


Hubbell Incorporated (NYSE: HUBB) announced a quarterly dividend on Friday, October 22, Zacks reports. Shareholders of record on Tuesday, November 30 will receive a dividend of 1.05 per share from the industrials company on Wednesday, December 15. This represents an annualized dividend of $ 4.20 and a return of 2.06%. The ex-dividend date of this dividend is Monday, November 29. This is a positive change from Hubbell’s previous quarterly dividend of $ 0.98.

Hubbell has increased its dividend by 29.3% over the past three years and has increased its dividend each year for the past 5 years. Hubbell has a payout ratio of 45.4%, indicating that its dividend is sufficiently covered by earnings. Equity research analysts expect Hubbell to earn $ 9.27 per share next year, which means the company should continue to be able to cover its annual dividend of $ 4.20 with an expected future payout rate of 45.3%.

HUBB opened at $ 203.80 on Friday. The stock has a market cap of $ 11.09 billion, a PE ratio of 30.79, a PEG ratio of 2.47 and a beta of 1.24. The company has a quick ratio of 1.09, a current ratio of 1.77, and a debt ratio of 0.66. The company has a 50-day moving average of $ 194.37 and a 200-day moving average of $ 193.54. Hubbell has a 52 week low of $ 149.07 and a 52 week high of $ 212.54.

Hubbell (NYSE: HUBB) last released its results on Tuesday, October 26. The industrials company reported EPS of $ 2.24 for the quarter, missing Zacks’ consensus estimate of $ 2.29 by $ 0.05. The company posted revenue of $ 1.21 billion in the quarter, against analysts’ expectations of $ 1.24 billion. Hubbell had a net margin of 8.03% and a return on equity of 20.80%. The company’s revenue for the quarter increased 9.5% from the same quarter last year. In the same quarter of the previous year, the company made EPS of $ 2.30. Equity analysts predict that Hubbell will post 8.43 EPS for the current year.

(A d)

Man voted “# 1 most trusted crypto expert” shares his latest buy recommendation.

A number of research companies have recently commented on HUBB. Morgan Stanley lowered its target price on Hubbell from $ 211.00 to $ 209.00 and set an “equal weight” rating for the company in a research note on Thursday, October 7. Zacks Investment Research downgraded Hubbell from a “hold” rating to a “sell” rating in a research report released Thursday, October 28. Finally, Wells Fargo & Company provided coverage on Hubbell in a research report on Thursday, October 7. They set an “equal weight” rating and a price target of $ 192.00 for the company.

A hedge fund recently bought a new stake in Hubbell shares. Jane Street Group LLC acquired a new stake in shares of Hubbell Incorporated (NYSE: HUBB) in the third quarter, according to the company in its latest disclosure to the SEC. The company acquired 2,727 shares of the industrial products company, valued at approximately $ 493,000. 85.23% of the shares are held by institutional investors and hedge funds.

About Hubbell

Hubbell, Inc is engaged in the design, manufacture and sale of electrical and electronic products for non-residential and residential construction, industrial applications and utilities. It operates through the following segments: Electrical and utility solutions. The Electricity segment manufactures and sells electrical and wiring, lighting fixtures and controls for indoor and outdoor applications, as well as specialty lighting and communications products.

Featured Article: Why Should Analysts Give Stocks a Buy Rating?

Dividend history for Hubbell (NYSE: HUBB)

This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in Hubbell now?

Before you consider Hubbell, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes over … and Hubbell was not on the list.

While Hubbell currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better bets.

See the 5 actions here


Comments are closed.