Franklin Electric (FELE) Raises Quarterly Dividend 11.1% to $0.25; 1.1% Yield
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Franklin Electric Increases Quarterly Dividend by 11% to $0.25 Per Share
January 22, 2024 8:00 AM ESTFORT WAYNE, Ind., Jan. 22, 2024 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) announced today that its Board of Directors declared a quarterly cash dividend of $0.25 per share payable February 15, 2024, to shareholders of record on February 1, 2024. This represents an 11 percent increase from the prior quarterly dividend.
This dividend increase will mark the 32nd consecutive year that Franklin Electric has increased its dividend, demonstrating its commitment to rewarding shareholders and confidence in the outlook of the business, commented Gregg Sengstack, Franklin Electrics Chairperson and Chief Executive Officer.
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