- Hubbell Inc (NYSE:HUBB) said its Board of Directors declared a 7% increase in its common stock dividend rate.
- The new annual payment of $4.48 per share, or $1.12 per quarter, compares to the former rate of $4.20 per share, or $1.05 per quarter.
- The dividend will be paid on December 15, 2022, to shareholders of record on November 30, 2022.
- Additionally, the Board approved a new share repurchase authorization of up to $300 million.
- The new share buyback program is set to expire in October 2025.
- Hubbell held $438.1 million in cash and equivalents as of June 30, 2022.
- Price Action: HUBB shares are trading higher by 1.62% at $215.90 on the last check Friday.
Piper Sandler Maintains Neutral on Hain Celestial Group, Raises Price Target to $19
Piper Sandler analyst Michael Lavery maintains Hain Celestial Group (NASDAQ:HAIN) with a Neutral and raises the price target from $18 to $19.
