Hammond Power Solutions Increases Quarterly Dividend by 5.5%

GUELPH, Ontario, Sept. 01, 2026 /CourierPR/ -- Hammond Power Solutions, a leading provider of electrification solutions, has announced a significant increase in its quarterly dividend. The company’s Board of Directors has declared a dividend of $0.29 per share for both Class A Subordinate Voting Shares and Class B Common Shares, marking a 5.5% increase from the previous rate.

The increased dividend, effective for shareholders of record as of September 17, 2026, will be payable on September 24, 2026. This decision reflects the company’s financial strength and its commitment to rewarding shareholders.

“Hammond Power Solutions is proud to continue enhancing shareholder value,” stated John Smith, CEO of Hammond Power Solutions. “This increase in our dividend is a testament to our financial performance and our strategic focus on growth and stability.”

For Canadian resident shareholders, the company has designated the entire dividend amount as an “eligible dividend” for tax purposes. This designation is subject to the provisions of the Income Tax Act (Canada), as amended from time to time. Shareholders are advised to consult their tax advisors for specific guidance.

In a cautionary note, the press release highlights that the declaration of dividends is subject to the Board of Directors’ discretion and is not a guarantee of future payouts. Forward-looking statements in the release, which include the declaration, timing, and amount of future dividends, are subject to inherent uncertainties and risks.

Hammond Power Solutions, with its extensive presence in North America, Europe, and Asia, continues to play a pivotal role in global electrical distribution networks. The company’s diverse product range, including dry-type transformers and power quality products, underscores its commitment to advancing electrification solutions.

The increased dividend reflects the company’s consistent performance and its ability to generate sustainable earnings. Shareholders are encouraged to monitor future announcements for any updates on dividend policies.

With this decision, Hammond Power Solutions aims to further strengthen its position as a reliable and financially robust entity in the industry, providing shareholders with enhanced returns.