Franklin Electric Co., Inc. (NASDAQ:FELE) Shareholders to Collect $0.28 Quarterly Dividend

by · The Markets Daily

Franklin Electric Co., Inc. (NASDAQ:FELE – Get Free Report) announced 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 is Thursday, November 5th.

Franklin Electric has increased its dividend payment by an average of 0.1% annually over the last three years and has increased 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 research analysts expect Franklin Electric to earn $5.22 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 21.5%.

Franklin Electric Trading Up 0.3%

Shares of NASDAQ:FELE traded up $0.25 during mid-day trading on Monday, hitting $98.61. The company had a trading volume of 287,026 shares, compared to its average volume of 308,847. The firm has a fifty day moving average price of $98.97 and a 200 day moving average price of $101.31. Franklin Electric has a one year low of $89.54 and a one year high of $115.82. The company has a market capitalization of $4.36 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 1.76 and a beta of 1.03. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.41 and a quick ratio of 1.10.

Franklin Electric (NASDAQ:FELE – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.11. The company had revenue of $622.88 million for the quarter, compared to analysts’ expectations of $605.92 million. Franklin Electric had a net margin of 7.06% and a return on equity of 15.18%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.31 EPS. Franklin Electric has set its FY 2026 guidance at 4.500-4.700 EPS. As a group, research analysts forecast that Franklin Electric will post 4.67 EPS for the current year.

Franklin Electric Company Profile

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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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