Why NYSE:HUBB is a Top Pick for Dividend Investors.

Our stock screener has spotted HUBBELL INC (NYSE:HUBB) as a good dividend stock with solid fundamentals. NYSE:HUBB shows decent health and profitability. At the same time it gives a good and sustainable dividend. We'll dive into each aspect below.

Assessing Dividend Metrics for NYSE:HUBB

ChartMill provides a Dividend Rating for every stock, ranging from 0 to 10. This rating assesses various dividend aspects, including yield, growth, and sustainability. NYSE:HUBB earns a 7 out of 10:

• Compared to an average industry Dividend Yield of 2.22, HUBB pays a better dividend. On top of this HUBB pays more dividend than 91.95% 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 been paying a dividend for at least 10 years, so it has a reliable track record.
• HUBB has not decreased their dividend for at least 10 years, which is a reliable track record.
• HUBB pays out 37.48% of its income as dividend. This is a sustainable payout ratio.

Understanding NYSE:HUBB's Health

To gauge a stock's financial health, ChartMill utilizes a Health Rating on a scale of 0 to 10. This comprehensive evaluation encompasses liquidity and solvency, both in absolute terms and in comparison to industry peers. NYSE:HUBB has earned a 7 out of 10:

• HUBB has an Altman-Z score of 5.52. This indicates that HUBB is financially healthy and has little risk of bankruptcy at the moment.
• With an excellent Altman-Z score value of 5.52, HUBB belongs to the best of the industry, outperforming 83.91% of the companies in the same industry.
• HUBB has a debt to FCF ratio of 2.26. This is a good value and a sign of high solvency as HUBB would need 2.26 years to pay back of all of its debts.
• HUBB has a Debt to FCF ratio of 2.26. This is amongst the best in the industry. HUBB outperforms 89.66% of its industry peers.
• Even though the debt/equity ratio score it not favorable for HUBB, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
• A Current Ratio of 2.06 indicates that HUBB has no problem at all paying its short term obligations.

Profitability Examination 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 8:

• HUBB has a Return On Assets of 11.18%. This is amongst the best in the industry. HUBB outperforms 91.95% of its industry peers.
• With an excellent Return On Equity value of 24.07%, HUBB belongs to the best of the industry, outperforming 91.95% of the companies in the same industry.
• Looking at the Return On Invested Capital, with a value of 16.07%, HUBB belongs to the top of the industry, outperforming 94.25% of the companies in the same industry.
• The last Return On Invested Capital (16.07%) for HUBB is above the 3 year average (11.25%), which is a sign of increasing profitability.
• Looking at the Profit Margin, with a value of 12.16%, HUBB belongs to the top of the industry, outperforming 87.36% of the companies in the same industry.
• HUBB's Profit Margin has improved in the last couple of years.
• With an excellent Operating Margin value of 17.77%, HUBB belongs to the best of the industry, outperforming 90.80% of the companies in the same industry.
• With a decent Gross Margin value of 33.15%, HUBB is doing good in the industry, outperforming 79.31% of the companies in the same industry.

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

Check the latest full fundamental report of HUBB for a complete fundamental analysis.

Keep in mind

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.