Hubbell Incorporated (HUBB) will raise its quarterly dividend by 7.7 percent to 98 cents per share in 2020. This follows a dividend hike of 8.3 percent to $0.91 per share in 2019 and will mark the 13th consecutive year of annual dividend increases by the company.

The next dividend will be paid on on December 15, 2020 to shareholders of record on November 30, 2020. A new annual rate of $3.92 per share yields 2.6% at a stock price of $153.39.

Hubbell Incorporated is engaged in the design, manufacture and sale of electrical and electronic products for a range of non-residential and residential construction, industrial and utility applications.Hubbell Incorporated operates manufacturing facilities in the United States and around the world. The corporate headquarters is located in Shelton, CT.