Franklin Electric Announces Quarterly Dividend Increase
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4d ago
0mins
Source: seekingalpha
- Dividend Increase: Franklin Electric declares a quarterly dividend of $0.28 per share, marking a 5.7% increase from the previous $0.265, indicating ongoing improvements in the company's cash flow and profitability.
- Yield Metrics: The forward yield of 1.12% reflects the company's competitiveness in attracting investors while demonstrating its commitment to shareholder returns amidst market conditions.
- Payment Schedule: The dividend is payable on February 19, with a record date of February 5 and an ex-dividend date also on February 5, ensuring timely returns for shareholders and bolstering investor confidence.
- Sales Projections: Franklin Electric targets FY25 sales between $2.09 billion and $2.15 billion, highlighting the company's proactive advancements in innovation and capacity expansion aimed at driving future growth.
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Analyst Views on FELE
Wall Street analysts forecast FELE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FELE is 112.00 USD with a low forecast of 112.00 USD and a high forecast of 112.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 98.630
Low
112.00
Averages
112.00
High
112.00
Current: 98.630
Low
112.00
Averages
112.00
High
112.00
About FELE
Franklin Electric Co., Inc. is engaged in the production and marketing of systems and components for the movement of water and energy. The Company's segments include Water Systems, Distribution, and Energy Systems. The Water Systems segment designs, manufactures and sells motors, pumps, drives, electronic controls, monitoring devices, and related parts and equipment primarily for use in groundwater, water transfer and wastewater. The Distribution segment is operated as a collection of wholly owned groundwater distributors known as the Headwater Companies. The Energy Systems segment designs, manufactures and sells pumps, motors, pipes, sumps, fittings, vapor recovery components, electronic controls, monitoring devices and related parts and equipment primarily for use in energy system applications. Energy Systems offers a complete array of components between the tank and the dispenser, including submersible pumps, motors, station hardware, piping, sumps, vapor recovery, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Franklin Electric Announces Quarterly Dividend Increase
- Dividend Increase: Franklin Electric declares a quarterly dividend of $0.28 per share, marking a 5.7% increase from the previous $0.265, indicating ongoing improvements in the company's cash flow and profitability.
- Yield Metrics: The forward yield of 1.12% reflects the company's competitiveness in attracting investors while demonstrating its commitment to shareholder returns amidst market conditions.
- Payment Schedule: The dividend is payable on February 19, with a record date of February 5 and an ex-dividend date also on February 5, ensuring timely returns for shareholders and bolstering investor confidence.
- Sales Projections: Franklin Electric targets FY25 sales between $2.09 billion and $2.15 billion, highlighting the company's proactive advancements in innovation and capacity expansion aimed at driving future growth.
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Upcoming Ex-Dividend Dates for Eaton, Franklin Electric, and TriMas
Upcoming Ex-Dividend Dates: Eaton Corp plc, Franklin Electric Co., Inc., and TriMas Corp will trade ex-dividend on 11/6/25, with respective dividends of $1.04, $0.265, and $0.04 scheduled for payment on 11/21/25, 11/20/25, and 11/13/25.
Expected Price Adjustments: Following the ex-dividend date, shares of Eaton Corp are expected to open 0.27% lower, Franklin Electric 0.28% lower, and TriMas Corp 0.11% lower, based on their recent stock prices.
Dividend Yield Estimates: The estimated annualized yields for the upcoming dividends are 1.08% for Eaton Corp, 1.14% for Franklin Electric, and 0.44% for TriMas Corp, reflecting their historical dividend stability.
Current Stock Performance: In recent trading, Eaton Corp shares are up 1.3%, Franklin Electric shares are down 1.7%, and TriMas Corp shares are up 1.7%.
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