Franklin Electric Co., Inc. (NASDAQ:FELE – Get Free Report) announced a quarterly dividend on Monday, July 27th. Investors of record on Thursday, August 6th will be given a dividend of 0.28 per share by the industrial products company on Thursday, August 20th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, August 6th.
Franklin Electric has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 33 years. Franklin Electric has a payout ratio of 23.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Franklin Electric to earn $5.09 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 22.0%.
Franklin Electric Price Performance
Shares of FELE stock traded down $0.16 during trading hours on Monday, hitting $105.43. 497,900 shares of the company’s stock were exchanged, compared to its average volume of 325,182. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.67 and a quick ratio of 1.14. The stock has a market cap of $4.66 billion, a price-to-earnings ratio of 31.76, a price-to-earnings-growth ratio of 1.92 and a beta of 1.03. Franklin Electric has a 52 week low of $89.54 and a 52 week high of $111.53. The stock’s 50-day moving average is $102.48 and its 200-day moving average is $100.01.
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.
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