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

Franklin Electric Co., Inc. (NASDAQ:FELE) announced a quarterly dividend on Monday, April 28th, RTT News reports. Stockholders of record on Thursday, May 8th will be paid 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 dividend yield of 1.19%.

Franklin Electric has increased its dividend payment by an average of 12.6% per year over the last three years and has increased its dividend every year for the last 33 years. Franklin Electric has a dividend payout ratio of 22.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 0.2 %

Shares of Franklin Electric stock opened at $89.17 on Monday. Franklin Electric has a fifty-two week low of $82.69 and a fifty-two week high of $111.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.06 and a current ratio of 2.22. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 2.11 and a beta of 1.02. The stock has a 50 day moving average of $95.31 and a 200 day moving average of $99.71.

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

Insiders Place Their Bets

In related news, insider Delancey W. Davis sold 961 shares of Franklin Electric stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $103.14, for a total value of $99,117.54. Following the completion of the transaction, the insider now owns 7,701 shares in the company, valued at $794,281.14. The trade was a 11.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.72% of the stock is owned by company insiders.

Franklin Electric Company Profile

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.