Skip to main content

Market Overview

Hubble Announces Authorization Of $200M Shr Repurchase Program

Share:

The Board of Directors of Hubbell Incorporated (NYSE: HUBA, HUBB) today announced the authorization of a stock repurchase program, and declared a regular quarterly dividend. The share repurchase program authorizes the repurchase from time to time of up to $200 million of the Company's Class A and Class B common stock. Depending upon numerous factors, including market conditions and alternative uses of cash, the Company may conduct discretionary repurchases through open market and privately negotiated transactions during the Company's normal trading window. The repurchase program that was authorized today expires in September 2014. It will be implemented upon completion of the current $200 million repurchase program announced in December 2007, which has a remaining authorization of approximately $4 million.

 

Related Articles (HUB.A + HUB.B)

View Comments and Join the Discussion!

Posted-In: News Buybacks

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com