Franklin Electric Co., Inc. (NASDAQ:FELE) Announces $0.25 Quarterly Dividend

Franklin Electric Co., Inc. (NASDAQ:FELE) declared a quarterly dividend on Monday, October 28th, Zacks reports. Shareholders of record on Thursday, November 7th will be given a dividend of 0.25 per share by the industrial products company on Thursday, November 21st. This represents a $1.00 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Thursday, November 7th.

Franklin Electric has raised its dividend payment by an average of 13.2% per year over the last three years and has increased its dividend every year for the last 32 years. Franklin Electric has a dividend payout ratio of 21.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Franklin Electric to earn $4.60 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 21.7%.

Franklin Electric Trading Down 6.3 %

Franklin Electric stock opened at $96.09 on Wednesday. The business’s 50-day simple moving average is $101.99 and its 200-day simple moving average is $100.22. Franklin Electric has a 52 week low of $84.20 and a 52 week high of $108.39. The firm has a market capitalization of $4.43 billion, a PE ratio of 23.90, a PEG ratio of 2.02 and a beta of 0.95. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.14 and a current ratio of 2.65.

Franklin Electric Company Profile

Franklin Electric Co, Inc, together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. The company operates through Water Systems, Fueling Systems, and Distribution segments. The Water Systems segment offers submersible motors, drives, pumps, electronic controls, water treatment systems, monitoring devices, and related parts and equipment.