Franklin Electric Declares Payment of Quarterly Cash Dividend

Rhea-AI Summary

Franklin Electric Co., Inc. (NASDAQ: FELE) has declared a quarterly cash dividend of $0.175 per share, payable on November 18, 2021, to shareholders recorded by November 4, 2021. As a leader in water and fuel movement systems, Franklin Electric serves diverse sectors globally, including residential and industrial applications. This move reflects the company's ongoing commitment to returning value to its shareholders while maintaining its leadership position in the market.

Positive

• Quarterly cash dividend of $0.175 per share announced.
• Dividend payment demonstrates commitment to shareholder returns.

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• None.

FORT WAYNE, Ind., Oct. 25, 2021 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) announced today that its Board of Directors declared a quarterly cash dividend of $0.175 per share payable November 18, 2021, to shareholders of record on November 4, 2021.

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, 2020, 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.
260.824.2900

FAQ

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

The dividend amount declared is $0.175 per share.

When is the dividend payable for FELE shares?

The dividend is payable on November 18, 2021.

What is the record date for the dividend payment for Franklin Electric?

The record date for the dividend payment is November 4, 2021.

How often does Franklin Electric (FELE) declare dividends?

Franklin Electric typically declares dividends on a quarterly basis.

What sectors does Franklin Electric serve?

Franklin Electric serves residential, commercial, agricultural, industrial, municipal, and fueling applications.