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Hubbell boosts dividend nearly 8 percent

February 10, 2012
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SHELTON, Conn.—Hubbell Inc. on Friday said its board raised the company's dividend by nearly 8 percent.

The quarterly payout will increase 3 cents to 41 cents per share. The new dividend amounts to $1.64 per share annually, up from $1.52. The quarterly dividend will be paid on April 11 to shareholders of record as of March 5.

Shares of Hubbell fell 58 cents to $74.64 in afternoon trading.

The company, based in Shelton, Conn., makes electrical and electronic products for construction, industrial and utility applications.

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