Franklin Electric Co., Inc. Announces Quarterly Dividend of $0.25 (NASDAQ:FELE)

Franklin Electric Co., Inc. (NASDAQ:FELE - Get Free Report) declared a quarterly dividend on Monday, October 28th, Zacks reports. Investors of record on Thursday, November 7th will be paid a dividend of 0.25 per share by the industrial products company on Thursday, November 21st. This represents a $1.00 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Thursday, November 7th.

Franklin Electric has increased its dividend by an average of 13.2% per year over the last three years and has increased its dividend every year for the last 32 years. Franklin Electric has a dividend payout ratio of 21.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Franklin Electric to earn $4.60 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 21.7%.

Franklin Electric Price Performance

Franklin Electric stock traded down $6.46 during mid-day trading on Tuesday, hitting $96.09. The stock had a trading volume of 267,029 shares, compared to its average volume of 174,736. The firm's 50 day moving average is $101.99 and its 200 day moving average is $100.22. Franklin Electric has a one year low of $84.20 and a one year high of $108.39. The firm has a market capitalization of $4.43 billion, a P/E ratio of 25.51, a P/E/G ratio of 2.02 and a beta of 0.95. The company has a current ratio of 2.65, a quick ratio of 1.14 and a debt-to-equity ratio of 0.07.

Insider Buying and Selling at Franklin Electric

In other Franklin Electric news, insider Gregg C. Sengstack sold 5,396 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $106.64, for a total transaction of $575,429.44. Following the completion of the transaction, the insider now owns 98,093 shares of the company's stock, valued at $10,460,637.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.72% of the company's stock.

About Franklin Electric

Franklin Electric Co, Inc, together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. The company operates through Water Systems, Fueling Systems, and Distribution segments. The Water Systems segment offers submersible motors, drives, pumps, electronic controls, water treatment systems, monitoring devices, and related parts and equipment.