Franklin Electric Co., Inc. (NASDAQ:FELE) Declares Quarterly Dividend of $0.28

Franklin Electric Co., Inc. (NASDAQ:FELE) announced a quarterly dividend on Monday, January 26th. Stockholders of record on Thursday, February 5th will be paid a dividend of 0.28 per share by the industrial products company on Thursday, February 19th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, February 5th. This is a 5.7% increase from Franklin Electric’s previous quarterly dividend of $0.27.

Franklin Electric has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 33 consecutive years. Franklin Electric has a dividend payout ratio of 22.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Franklin Electric to earn $4.65 per share next year, which means the company should continue to be able to cover its $1.06 annual dividend with an expected future payout ratio of 22.8%.

Franklin Electric Stock Performance

NASDAQ FELE traded up $0.05 during midday trading on Monday, hitting $100.25. The company had a trading volume of 180,986 shares, compared to its average volume of 252,291. The firm has a fifty day simple moving average of $96.87 and a two-hundred day simple moving average of $95.71. Franklin Electric has a fifty-two week low of $78.87 and a fifty-two week high of $108.08. The company has a quick ratio of 1.12, a current ratio of 2.54 and a debt-to-equity ratio of 0.10. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 32.65, a P/E/G ratio of 1.77 and a beta of 1.08.

Franklin Electric (NASDAQ:FELE) last announced its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.01. Franklin Electric had a return on equity of 14.24% and a net margin of 6.71%.The company had revenue of $581.71 million for the quarter, compared to analyst estimates of $563.18 million. During the same quarter last year, the firm earned $1.17 EPS. Franklin Electric’s revenue for the quarter was up 9.5% compared to the same quarter last year. Franklin Electric has set its FY 2025 guidance at 4.000-4.200 EPS. Equities analysts forecast that Franklin Electric will post 4.19 earnings per share for the current fiscal year.

Franklin Electric Company Profile

Franklin Electric Co, Inc is a world‐leading manufacturer and distributor of systems and components for moving and managing water and fuel. Headquartered in Fort Wayne, Indiana, the company specializes in designing engineered pumping systems and related controls for residential, commercial and industrial applications.

Founded in 1944, Franklin Electric has built its reputation on submersible and surface pumping solutions for water wells, municipal water and wastewater treatment, irrigation and industrial fluid handling.