Franklin Electric declared a quarterly dividend of $0.265 per share, payable May 22, 2025.
Quiver AI Summary
Franklin Electric Co., Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.265 per share, which is set to be paid on May 22, 2025, to shareholders who are on record as of May 8, 2025. The company, a leader in the production and marketing of water and energy movement systems, serves various sectors globally and has earned recognition in 2024 as one of America’s Most Responsible Companies and Most Trustworthy Companies. The press release includes a "Safe Harbor" statement highlighting that forward-looking statements regarding the company's market performance and financial outcomes are subject to risks and uncertainties that could lead to different actual results, as noted in SEC filings.
Potential Positives
- Franklin Electric announced a quarterly cash dividend of $0.265 per share, demonstrating financial stability and commitment to returning value to shareholders.
- The company has been recognized in multiple prestigious lists, including Newsweek’s America’s Most Responsible Companies and USA Today’s America’s Climate Leaders 2024, enhancing its reputation as a trustworthy and responsible corporate entity.
Potential Negatives
- The announcement of a quarterly cash dividend may imply limited growth opportunities, as companies often reinvest profits rather than distribute them when expecting significant expansion.
- The detailed list of risks and uncertainties related to the company's forward-looking statements could indicate potential vulnerability in the face of economic fluctuations and market demand challenges.
FAQ
What is the dividend declared by Franklin Electric?
Franklin Electric declared a quarterly cash dividend of $0.265 per share.
When will the dividend be paid to shareholders?
The dividend will be payable on May 22, 2025, to shareholders of record on May 8, 2025.
What industries does Franklin Electric serve?
Franklin Electric serves residential, commercial, agricultural, industrial, municipal, and fueling applications.
What recognitions has Franklin Electric received in 2024?
The company was named in Newsweek's Most Responsible Companies and Most Trustworthy Companies lists, and USA Today's Climate Leaders 2024.
Where can I find more information on Franklin Electric's risks?
More information on risks can be found in the Company's SEC filings, particularly in the Annual Report on Form 10-K.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$FELE Insider Trading Activity
$FELE insiders have traded $FELE stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $FELE stock by insiders over the last 6 months:
- GREGG C SENGSTACK (Executive Chairperson) sold 1,500 shares for an estimated $150,322
- DELANCEY W DAVIS (President, Headwater Companies) sold 961 shares for an estimated $99,122
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$FELE Hedge Fund Activity
We have seen 156 institutional investors add shares of $FELE stock to their portfolio, and 163 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ALLIANZ ASSET MANAGEMENT GMBH added 143,917 shares (+21.6%) to their portfolio in Q4 2024, for an estimated $14,024,711
- PROFICIO CAPITAL PARTNERS LLC added 134,379 shares (+inf%) to their portfolio in Q4 2024, for an estimated $13,095,233
- IMPAX ASSET MANAGEMENT GROUP PLC removed 128,542 shares (-13.0%) from their portfolio in Q4 2024, for an estimated $12,526,417
- BLACKROCK, INC. added 105,588 shares (+1.5%) to their portfolio in Q4 2024, for an estimated $10,289,550
- STATE STREET CORP added 101,711 shares (+4.8%) to their portfolio in Q4 2024, for an estimated $9,911,736
- ROBECO SCHWEIZ AG removed 98,479 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $9,596,778
- JPMORGAN CHASE & CO added 92,793 shares (+60.1%) to their portfolio in Q4 2024, for an estimated $9,042,677
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
FORT WAYNE, Ind., April 28, 2025 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) announced today that its Board of Directors declared a quarterly cash dividend of $0.265 per share payable May 22, 2025, to shareholders of record on May 8, 2025.
About Franklin Electric
Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and energy. 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. Franklin Electric is proud to be named in Newsweek’s lists of America’s Most Responsible Companies and Most Trustworthy Companies for 2024 and America’s Climate Leaders 2024 by USA Today.
“Safe Harbor” 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’s 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’s business and industry, weather conditions, new housing starts, market demand, competitive factors, changes in distribution channels, supply constraints, effect of price increases, raw material costs, technology factors, integration of acquisitions, litigation, government and regulatory actions, the Company’s accounting policies, future trends, epidemics and pandemics, and other risks which are detailed in the Company’s Securities and Exchange Commission filings, included in Item 1A of Part I of the Company’s Annual Report on Form 10-K for the fiscal year ending December 31, 2024, Exhibit 99.1 attached thereto and in Item 1A of Part II of the Company’s 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.
| CONTACT: | Russell D. Fleeger | |
| Franklin Electric Co., Inc. | ||
| [email protected] |
