Franklin Electric: Dividend Insights
Portfolio Pulse from Benzinga Insights
Franklin Electric (NASDAQ:FELE) announced a quarterly dividend of 25 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning the stock by the end of Tuesday are eligible for the dividend, to be paid on February 15, 2024. The stock is expected to open 25 cents lower on the ex-dividend date.
January 26, 2024 | 2:45 pm
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Franklin Electric is set to pay a quarterly dividend of 25 cents per share, with shares expected to open lower by the same amount on the ex-dividend date.
The stock price of FELE is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence when stocks go ex-dividend.
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