Franklin Electric Co., Inc. (NASDAQ:FELE – Get Free Report) declared a quarterly dividend on Monday, October 26th. Investors of record on Thursday, November 5th will be given a dividend of $0.28 per share by the industrial products company on Thursday, November 19th. This represents a $1.12 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, November 5th.
Franklin Electric has increased its dividend by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 33 years. Franklin Electric has a dividend payout ratio of 23.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Franklin Electric to earn $5.32 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 21.1%.
Franklin Electric Stock Up 5.2%
FELE stock opened at $100.30 on Tuesday. The stock has a market cap of $4.43 billion, a P/E ratio of 22.54, a PEG ratio of 1.71 and a beta of 1.03. Franklin Electric has a twelve month low of $89.54 and a twelve month high of $115.82. The business’s 50-day moving average price is $98.34 and its 200-day moving average price is $100.18. The company has a quick ratio of 1.10, a current ratio of 2.33 and a debt-to-equity ratio of 0.30.
Franklin Electric (NASDAQ:FELE – Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The industrial products company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.10. Franklin Electric had a net margin of 8.83% and a return on equity of 15.45%. The firm had revenue of $633.62 million during the quarter, compared to analysts’ expectations of $617.19 million. During the same period in the prior year, the company posted $1.30 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, equities research analysts forecast that Franklin Electric will post 4.74 EPS for the current year.
About Franklin Electric
Franklin Electric Co, Inc (NASDAQ: FELE) designs, manufactures and distributes systems and components used to move, manage and control water and other fluids. The company serves residential, agricultural, commercial, industrial and municipal customers through products such as submersible pumps, motors, pumping systems, drives, controls, monitoring equipment and water-treatment solutions.
Its Water Systems business provides equipment for groundwater and surface-water applications, including well pumps, pressure systems, wastewater and dewatering products, and related controls and accessories.
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