Uncovering Dividend Opportunities with NYSE:HUBB.

Unearth the potential of HUBBELL INC (NYSE:HUBB) as a dividend stock recommended by our stock screening tool. NYSE:HUBB maintains a robust financial footing and delivers a sustainable dividend. We'll delve into the details below.

Analyzing Dividend Metrics

An integral part of ChartMill's stock analysis is the Dividend Rating, which spans from 0 to 10. This rating evaluates diverse dividend factors, including yield, historical data, growth, and sustainability. NYSE:HUBB has received a 7 out of 10:

• Compared to an average industry Dividend Yield of 2.31, HUBB pays a better dividend. On top of this HUBB pays more dividend than 93.02% of the companies listed in the same industry.
• The dividend of HUBB is nicely growing with an annual growth rate of 8.25%!
• HUBB has paid a dividend for at least 10 years, which is a reliable track record.
• HUBB has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
• 34.71% of the earnings are spent on dividend by HUBB. This is a low number and sustainable payout ratio.
• The dividend of HUBB is growing, but earnings are growing more, so the dividend growth is sustainable.

Health Insights: NYSE:HUBB

ChartMill assigns a Health Rating to every stock. This score ranges from 0 to 10 and evaluates the different health aspects like liquidity and solvency, both absolutely, but also relative to the industry peers. NYSE:HUBB scores a 7 out of 10:

• HUBB has an Altman-Z score of 5.67. This indicates that HUBB is financially healthy and has little risk of bankruptcy at the moment.
• Looking at the Altman-Z score, with a value of 5.67, HUBB belongs to the top of the industry, outperforming 88.37% of the companies in the same industry.
• The Debt to FCF ratio of HUBB is 2.37, which is a good value as it means it would take HUBB, 2.37 years of fcf income to pay off all of its debts.
• HUBB has a better Debt to FCF ratio (2.37) than 84.88% of its industry peers.
• Although HUBB does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
• A Current Ratio of 2.16 indicates that HUBB has no problem at all paying its short term obligations.

Assessing Profitability for NYSE:HUBB

Discover ChartMill's exclusive Profitability Rating, a proprietary metric that assesses stocks on a scale of 0 to 10. It takes into consideration various profitability ratios and margins, both in absolute terms and relative to industry peers. Notably, NYSE:HUBB has achieved a 9:

• With an excellent Return On Assets value of 11.99%, HUBB belongs to the best of the industry, outperforming 90.70% of the companies in the same industry.
• HUBB's Return On Equity of 25.25% is amongst the best of the industry. HUBB outperforms 91.86% of its industry peers.
• HUBB has a better Return On Invested Capital (16.77%) than 95.35% of its industry peers.
• The 3 year average ROIC (10.99%) for HUBB is below the current ROIC(16.77%), indicating increased profibility in the last year.
• With an excellent Profit Margin value of 13.18%, HUBB belongs to the best of the industry, outperforming 88.37% of the companies in the same industry.
• HUBB's Profit Margin has improved in the last couple of years.
• HUBB has a better Operating Margin (18.85%) than 94.19% of its industry peers.
• HUBB's Gross Margin of 34.39% is amongst the best of the industry. HUBB outperforms 80.23% of its industry peers.

Our Best Dividend screener lists more Best Dividend stocks and is updated daily.

Our latest full fundamental report of HUBB contains the most current fundamental analsysis.

Keep in mind

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.