By Colin Kellaher
Hubbell’s board has raised the utility and electrical solutions maker’s quarterly dividend by 8.9%, to $1.22 from $1.12.
The new payout, equal to $4.88 a year, represents an annual yield of about 1.73% based on Thursday’s closing price of $281.85, up from 1.59%.
The Shelton, Conn., company on Friday said the increased dividend is payable Dec. 15 to shareholders of record Nov. 30.
Write to Colin Kellaher at [email protected]
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