Franklin Electric (FELE) Declares $0.0975 Quarterly Dividend; Approves 3M Common Stock Buyback Program

Franklin Electric (NASDAQ: FELE) declared a quarterly dividend of $0.0975 per share, or $0.39 annualized.

The dividend will be payable on August 20, 2015, to stockholders of record on August 10, 2015, with an ex-dividend date of August 6, 2015.

The annual yield on the dividend is 1.4 percent.

The Company's Board of Directors also approved a stock repurchase program, authorizing the Company to repurchase up to 3,000,000 shares of outstanding common stock.

The Board of Directors had previously authorized a share repurchase program under which the remaining authorized amount is approximately 535,000 shares. The Company intends to complete the existing repurchase program before repurchasing shares under the new program.

For a dividend history and other dividend-related data on Franklin Electric (FELE) click here.

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