Franklin Electric Co. (FELE) to Issue Quarterly Dividend of $0.15 on November 15th

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Franklin Electric Co. (NASDAQ:FELE) announced a quarterly dividend on Tuesday, October 22nd, Zacks reports. Investors of record on Friday, November 1st will be given a dividend of 0.145 per share by the industrial products company on Friday, November 15th. This represents a $0.58 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Thursday, October 31st.

Franklin Electric stock opened at $52.15 on Tuesday. The company’s fifty day moving average price is $48.03 and its 200 day moving average price is $46.80. Franklin Electric has a 1 year low of $39.92 and a 1 year high of $55.59. The stock has a market capitalization of $2.38 billion, a P/E ratio of 23.08 and a beta of 1.29. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.98 and a current ratio of 2.15.

A number of equities research analysts recently issued reports on FELE shares. Seaport Global Securities reissued a “neutral” rating on shares of Franklin Electric in a research note on Tuesday, October 15th. Zacks Investment Research cut shares of Franklin Electric from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. Finally, BidaskClub raised shares of Franklin Electric from a “hold” rating to a “buy” rating in a research note on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Franklin Electric presently has an average rating of “Hold” and a consensus price target of $54.00.

In other Franklin Electric news, insider Delancey W. Davis sold 2,400 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $50.26, for a total value of $120,624.00. Following the transaction, the insider now owns 18,486 shares in the company, valued at approximately $929,106.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Steven William Aikman sold 3,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $50.00, for a total value of $150,000.00. The disclosure for this sale can be found here. Insiders sold a total of 7,236 shares of company stock worth $357,512 in the last three months. 2.88% of the stock is owned by corporate insiders.

About Franklin Electric

Franklin Electric Co, Inc, together with its subsidiaries, designs, manufactures, and distributes water and fuel pumping systems worldwide. It operates in three segments: Water Systems, Fueling Systems, and Distribution. The Water Systems segment offers submersible motors, pumps, drives, electronic controls, monitoring devices, and related parts and equipment.

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Dividend History for Franklin Electric (NASDAQ:FELE)

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