Franklin Electric (FELE) Raises Quarterly Dividend 20.8% to $0.145; 1.3% Yield

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Franklin Electric Declares Payment of Increased Quarterly Cash Dividend

January 22, 2019 2:53 PM EST

FORT WAYNE, Ind., Jan. 22, 2019 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) announced today that its Board of Directors declared a quarterly cash dividend of $0.145 per share payable February 15, 2019, to shareholders of record on February 1, 2019.  This represents a 21 percent increase from the prior quarterly dividend of $0.12 per share.

Gregg Sengstack, Franklin Electrics Chairman and Chief Executive Officer, commented:

With our strong financial performance and increased focus on cash generation, our Board of Directors has approved a substantial increase in our dividend. Further, for more than twenty-five years... More