Franklin Electric Declares Payment of Increased Quarterly Cash Dividend

Rhea-AI Summary

Franklin Electric (NASDAQ: FELE) has announced a quarterly cash dividend increase of 6 percent to $0.265 per share, payable February 20, 2025, to shareholders of record on February 6, 2025. This marks the company's 33rd consecutive year of dividend increases, demonstrating its commitment to shareholder returns and business confidence.

The company, a global leader in water and energy movement systems and components, serves residential, commercial, agricultural, industrial, municipal, and fueling applications worldwide. Franklin Electric has been recognized in Newsweek's lists of America's Most Responsible Companies and Most Trustworthy Companies for 2024, as well as USA Today's America's Climate Leaders 2024.

Positive

• 6% increase in quarterly dividend to $0.265 per share
• 33 consecutive years of dividend increases
• Strong track record of consistent shareholder returns
• Demonstrates management confidence in business outlook

Negative

• None.

FORT WAYNE, Ind., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) announced today that its Board of Directors declared a quarterly cash dividend of $0.265 per share payable February 20, 2025, to shareholders of record on February 6, 2025. This represents a 6 percent increase from the prior quarterly dividend. This dividend will mark the 33^rd consecutive year that Franklin Electric has increased its dividend, demonstrating its commitment to returning cash to shareholders and confidence in the outlook of the business.

About Franklin Electric
Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and energy. Recognized as a technical leader in its products and services, Franklin Electric serves customers around the world in residential, commercial, agricultural, industrial, municipal, and fueling applications. Franklin Electric is proud to be named in Newsweek’s lists of America’s Most Responsible Companies and Most Trustworthy Companies for 2024 and America’s Climate Leaders 2024 by USA Today.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein, including those relating to market conditions or the Company’s financial results, costs, expenses or expense reductions, profit margins, inventory levels, foreign currency translation rates, liquidity expectations, business goals and sales growth, involve risks and uncertainties, including but not limited to, risks and uncertainties with respect to general economic and currency conditions, various conditions specific to the Company’s business and industry, weather conditions, new housing starts, market demand, competitive factors, changes in distribution channels, supply constraints, effect of price increases, raw material costs, technology factors, integration of acquisitions, litigation, government and regulatory actions, the Company’s accounting policies, future trends, epidemics and pandemics, and other risks which are detailed in the Company’s Securities and Exchange Commission filings, included in Item 1A of Part I of the Company’s Annual Report on Form 10-K for the fiscal year ending December 31, 2023, Exhibit 99.1 attached thereto and in Item 1A of Part II of the Company’s Quarterly Reports on Form 10-Q. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements.

CONTACT:		Jeffery L. Taylor
		Franklin Electric Co., Inc.
		InvestorRelations@fele.com

FAQ

What is Franklin Electric's new quarterly dividend amount for 2025?

Franklin Electric's new quarterly dividend is $0.265 per share, representing a 6% increase from the previous quarter.

When will FELE's latest quarterly dividend be paid?

The quarterly dividend will be paid on February 20, 2025, to shareholders of record as of February 6, 2025.

How many consecutive years has Franklin Electric (FELE) increased its dividend?

Franklin Electric has increased its dividend for 33 consecutive years, showing a long-term commitment to growing shareholder returns.

What is the percentage increase in FELE's quarterly dividend for 2025?

Franklin Electric announced a 6% increase in its quarterly dividend for 2025.

What recognition did Franklin Electric receive in 2024?

Franklin Electric was named in Newsweek's lists of America's Most Responsible Companies and Most Trustworthy Companies for 2024, and USA Today's America's Climate Leaders 2024.