Franklin Electric Declares Payment of Increased Quarterly Cash Dividend
Franklin Electric Co., Inc. (FELE)
Last franklin electric co., inc. earnings: 4/28 08:00 am
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Source: GlobeNewswire
FORT WAYNE, Ind., Jan. 22, 2019 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) announced today that its Board of Directors declared a quarterly cash dividend of $0.145 per share payable February 15, 2019, to shareholders of record on February 1, 2019. This represents a 21 percent increase from the prior quarterly dividend of $0.12 per share. Gregg Sengstack, Franklin Electric’s Chairman and Chief Executive Officer, commented: “With our strong financial performance and increased focus on cash generation, our Board of Directors has approved a substantial increase in our dividend. Further, for more than twenty-five years our practice has been to increase our dividend in the second quarter. We have elected to make this change in the first quarter to align it with the calendar year.” Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and fuel. Recognized as a technical leader in its products and se
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