{"id":724945,"date":"2023-01-23T08:13:27","date_gmt":"2023-01-23T13:13:27","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/franklin-electric-declares-payment-of-increased-quarterly-cash-dividend-2\/"},"modified":"2023-01-23T08:13:27","modified_gmt":"2023-01-23T13:13:27","slug":"franklin-electric-declares-payment-of-increased-quarterly-cash-dividend-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/franklin-electric-declares-payment-of-increased-quarterly-cash-dividend-2\/","title":{"rendered":"Franklin Electric Declares Payment of Increased Quarterly Cash Dividend"},"content":{"rendered":"
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FORT WAYNE, Ind., Jan. 23, 2023 (GLOBE NEWSWIRE) — Franklin Electric Co., Inc. (NASDAQ: FELE) announced today that its Board of Directors declared a quarterly cash dividend of $0.225 per share payable February 16, 2023, to shareholders of record on February 2, 2023. This represents a 15 percent increase from the prior quarterly dividend.<\/p>\n

\u201cThis dividend increase will mark the 31st consecutive year that Franklin Electric has increased its dividend, demonstrating its commitment to returning cash to shareholders and confidence in the outlook of the business,\u201d commented Gregg Sengstack, Franklin Electric\u2019s Chairperson and Chief Executive Officer.<\/p>\n

Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and fuel. Recognized as a technical leader in its products and services, Franklin Electric serves customers around the world in residential, commercial, agricultural, industrial, municipal, and fueling applications.<\/p>\n

\u201cSafe Harbor\u201d Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein, including those relating to market conditions or the Company\u2019s financial results, costs, expenses or expense reductions, profit margins, inventory levels, foreign currency translation rates, liquidity expectations, business goals and sales growth, involve risks and uncertainties, including but not limited to, risks and uncertainties with respect to general economic and currency conditions, various conditions specific to the Company\u2019s business and industry, weather conditions, new housing starts, market demand, competitive factors, changes in distribution channels, supply constraints, effect of price increases,\u00a0raw material costs, technology factors, integration of acquisitions, litigation, government and regulatory actions, the Company\u2019s accounting policies, future trends, epidemics and pandemics, and other risks which are detailed in the Company\u2019s Securities and Exchange Commission filings, included in Item 1A of Part I of the Company\u2019s Annual Report on Form 10-K for the fiscal year ending December 31, 2021, Exhibit 99.1 attached thereto and in Item 1A of Part II of the Company\u2019s Quarterly Reports on Form 10-Q. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements.<\/p>\n\n\n\n\n
Contact:\u00a0<\/td>\n\u00a0<\/td>\nJeffery L. Taylor<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nFranklin Electric Co., Inc.<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n260.824.2900<\/td>\n<\/tr>\n<\/table>\n


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\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

FORT WAYNE, Ind., Jan. 23, 2023 (GLOBE NEWSWIRE) — Franklin Electric Co., Inc. (NASDAQ: FELE) announced today that its Board of Directors declared a quarterly cash dividend of $0.225 per share payable February 16, 2023, to shareholders of record on February 2, 2023. This represents a 15 percent increase from the prior quarterly dividend. \u201cThis dividend increase will mark the 31st consecutive year that Franklin Electric has increased its dividend, demonstrating its commitment to returning cash to shareholders and confidence in the outlook of the business,\u201d commented Gregg Sengstack, Franklin Electric\u2019s Chairperson and Chief Executive Officer. Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and fuel. Recognized as … <\/p>\n

Continue reading “Franklin Electric Declares Payment of Increased Quarterly Cash Dividend”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-724945","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFranklin Electric Declares Payment of Increased Quarterly Cash Dividend - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/franklin-electric-declares-payment-of-increased-quarterly-cash-dividend-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Franklin Electric Declares Payment of Increased Quarterly Cash Dividend - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"FORT WAYNE, Ind., Jan. 23, 2023 (GLOBE NEWSWIRE) — Franklin Electric Co., Inc. (NASDAQ: FELE) announced today that its Board of Directors declared a quarterly cash dividend of $0.225 per share payable February 16, 2023, to shareholders of record on February 2, 2023. This represents a 15 percent increase from the prior quarterly dividend. \u201cThis dividend increase will mark the 31st consecutive year that Franklin Electric has increased its dividend, demonstrating its commitment to returning cash to shareholders and confidence in the outlook of the business,\u201d commented Gregg Sengstack, Franklin Electric\u2019s Chairperson and Chief Executive Officer. Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and fuel. 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