Franklin Electric Declares Quarterly Dividend of $0.25 Per Share
Rhea-AI Summary
Franklin Electric (NASDAQ: FELE) has announced a quarterly cash dividend of $0.25 per share. The dividend will be payable on November 21, 2024, to shareholders of record as of November 7, 2024. The company operates as a global leader in systems and components for water and energy movement, serving residential, commercial, agricultural, industrial, municipal, and fueling applications worldwide.
Positive
- Consistent dividend payment demonstrates financial stability
- Maintains quarterly dividend at $0.25 per share, providing steady shareholder returns
Negative
- None.
News Market Reaction
On the day this news was published, FELE gained 0.94%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
FORT WAYNE, Ind., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) announced today that its Board of Directors declared a quarterly cash dividend of
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 2023 and America’s Climate Leaders 2023 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
When will Franklin Electric (FELE) pay its next dividend?
What is the record date for Franklin Electric's (FELE) Q4 2024 dividend?
How much is Franklin Electric's (FELE) quarterly dividend for Q4 2024?
What sectors does Franklin Electric (FELE) serve?
