Hubbell Inc (NYSE:HUBB) will begin trading ex-dividend on November 27, 2020. The quarterly dividend payment of $ 0.98 per share is scheduled to be paid on December 15, 2020. The dividend yield based on the latest trading day closing price was 2.48 percent. Shareholders who purchased HUBB shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Hubbell Inc recently reported second quarter financial results on July 30, 2020, before market open, the Shelton based company reported income for the second quarter of $ 1.87 per share, from the revenue of $ 949.20 million. The quarterly earnings decreased 19.05 percent while revenues contracted 20.66 percent compared with the same quarter last year.
According to street consensus, HUBB was expected to report 2Q20 income of $ 1.60 per share from revenue of $ 1028.59 million. The bottom line results beat street analysts by $ 0.27 or 16.88 percent, at the same time, top line results fell short of analysts by $ 79.39 million or 7.72 percent.
Stock Performance
Shares of Hubbell Inc traded up $ 2.40 or 1.54 percent on Thursday, reaching $ 157.75 with volume of 268.60 thousand shares. Hubbell Inc has traded high as $ 157.85 and has cracked $ 154.61 on the downward trend
According to the previous trading day, closing price of $ 157.75, representing a 81.44 % increase from the 52 week low of $ 85.62 and a 6.62 % decrease over the 52 week high of $ 166.37.
The company has a market capital of $ 8.56 billion and is part of the Technology sector and Electronic Components industry.
Hubbell Incorporated designs, manufactures, and sells electrical and electronic products in the United States and internationally. It operates through two segments, Electrical and Power. The Electrical segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures and controls, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies for the natural gas distribution market.
