Franklin Electric Declares Payment Of Quarterly Cash Dividend

Rhea-AI Summary

Franklin Electric Co., Inc. (NASDAQ: FELE) has declared a quarterly cash dividend of $0.155 per share, scheduled for payment on November 19, 2020, to shareholders on record as of November 5, 2020. The company, a global leader in water and fuel movement systems, emphasizes its technical leadership in serving diverse markets, including residential and industrial sectors. This dividend reflects Franklin Electric's commitment to shareholder value amidst ongoing operational activities in various global markets.

Positive

• Quarterly cash dividend of $0.155 indicates commitment to shareholder returns.

Negative

• Potential risks related to market conditions, currency fluctuations, and supply constraints could impact financial performance.

FORT WAYNE, Ind., Oct. 26, 2020 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) announced today that its Board of Directors declared a quarterly cash dividend of $0.155 per share payable November 19, 2020, to shareholders of record on November 5, 2020.

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 services, Franklin Electric serves customers around the world in residential, commercial, agricultural, industrial, municipal, and fueling applications.

“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, 2019, 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:
John J. Haines
Franklin Electric Co., Inc.
260.824.2900

FAQ

What is the dividend amount declared by Franklin Electric (FELE) for Q4 2020?

Franklin Electric declared a quarterly dividend of $0.155 per share.

When is the dividend payment date for FELE?

The dividend will be paid on November 19, 2020.

What is the record date for shareholders to receive the FELE dividend?

Shareholders must be on record by November 5, 2020, to receive the dividend.

What risks could affect Franklin Electric's (FELE) financial performance?

Risks include market conditions, currency fluctuations, and supply chain constraints.

How does Franklin Electric ensure shareholder returns?

Through regular dividend payments and maintaining a strong market position.