Franklin Electric Declares Payment of Increased Quarterly Cash Dividend
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Franklin Electric Co., Inc. (NASDAQ: FELE) has announced a 6% increase in its quarterly cash dividend, marking the 33rd consecutive year of dividend growth. The new dividend of $0.265 per share will be payable on February 20, 2025, to shareholders of record on February 6, 2025.
January 27, 2025 | 1:15 pm
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Franklin Electric has increased its quarterly dividend by 6%, continuing a 33-year streak of dividend growth. This signals strong financial health and a positive business outlook.
The increase in dividend reflects Franklin Electric's strong financial position and commitment to shareholder returns. A consistent dividend growth over 33 years is a positive indicator of the company's stability and future prospects, likely boosting investor confidence and potentially leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100