Franklin Electric Co., Inc. Declares Quarterly Dividend of $0.27 (NASDAQ:FELE)

Franklin Electric Co., Inc. (NASDAQ:FELE) announced a quarterly dividend on Monday, April 28th, RTT News reports. Investors of record on Thursday, May 8th will be given a dividend of 0.265 per share by the industrial products company on Thursday, May 22nd. This represents a $1.06 dividend on an annualized basis and a yield of 1.20%.

Franklin Electric has raised its dividend payment by an average of 12.6% per year over the last three years and has raised its dividend every year for the last 33 years. Franklin Electric has a dividend payout ratio of 22.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Franklin Electric to earn $4.65 per share next year, which means the company should continue to be able to cover its $1.06 annual dividend with an expected future payout ratio of 22.8%.

Franklin Electric Trading Down 0.6 %

Shares of FELE opened at $88.65 on Tuesday. Franklin Electric has a 52-week low of $82.69 and a 52-week high of $111.94. The company has a quick ratio of 1.06, a current ratio of 2.22 and a debt-to-equity ratio of 0.01. The firm’s fifty day moving average is $94.96 and its two-hundred day moving average is $99.59. The stock has a market cap of $4.06 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 2.11 and a beta of 1.02.

Franklin Electric (NASDAQ:FELE) last announced its earnings results on Tuesday, February 18th. The industrial products company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.03. Franklin Electric had a net margin of 8.92% and a return on equity of 14.46%. The company had revenue of $485.75 million for the quarter, compared to analysts’ expectations of $465.87 million. Research analysts forecast that Franklin Electric will post 4.19 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Delancey W. Davis sold 961 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $103.14, for a total transaction of $99,117.54. Following the completion of the sale, the insider now owns 7,701 shares in the company, valued at $794,281.14. This trade represents a 11.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.72% of the stock is currently 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. The company operates through Water Systems, Fueling Systems, and Distribution segments. The Water Systems segment offers submersible motors, drives, pumps, electronic controls, water treatment systems, monitoring devices, and related parts and equipment.