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

Key Points

• Hubbell declared a quarterly dividend of $1.42 per share, payable September 15 to shareholders of record on August 31. The dividend represents an annualized payout of $5.68 and a yield of approximately 1.2%.
• The company has raised its dividend for 17 consecutive years, with a current payout ratio of 29.8%, indicating coverage by earnings.
• Hubbell reported quarterly EPS of $5.52, ahead of the $5.39 analyst consensus, while revenue rose 15.3% year over year to $1.71 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $553.89.

Hubbell Inc (NYSE:HUBB - Get Free Report) announced a quarterly dividend on Friday, July 24th. Stockholders of record on Monday, August 31st will be paid a dividend of 1.42 per share by the industrial products company on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, August 31st.

Hubbell has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 17 years. Hubbell has a dividend payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hubbell to earn $22.36 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 25.4%.

Hubbell Stock Down 2.2%

Shares of NYSE:HUBB opened at $459.86 on Friday. Hubbell has a 12 month low of $403.82 and a 12 month high of $565.50. The company has a quick ratio of 0.93, a current ratio of 1.61 and a debt-to-equity ratio of 1.22. The company's 50-day moving average price is $491.58 and its two-hundred day moving average price is $497.43. The firm has a market cap of $24.29 billion, a P/E ratio of 27.23, a P/E/G ratio of 2.30 and a beta of 0.90.

Hubbell (NYSE:HUBB - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share for the quarter, topping the consensus estimate of $5.39 by $0.13. The firm had revenue of $1.71 billion during the quarter, compared to analysts' expectations of $1.66 billion. Hubbell had a net margin of 14.49% and a return on equity of 27.11%. Hubbell's revenue was up 15.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.93 EPS. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. As a group, research analysts forecast that Hubbell will post 20.41 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on HUBB shares. Robert W. Baird initiated coverage on shares of Hubbell in a research report on Thursday, August 20th. They set an "outperform" rating and a $550.00 price target for the company. Wall Street Zen lowered Hubbell from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Wells Fargo & Company raised their price objective on shares of Hubbell from $530.00 to $560.00 and gave the stock an "overweight" rating in a report on Friday, May 1st. Weiss Ratings cut Hubbell from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, July 14th. Finally, Stephens increased their price objective on shares of Hubbell from $550.00 to $600.00 and gave the stock an "overweight" rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $553.89.

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.

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