Franklin Electric Declares Payment of Quarterly Cash Dividend
April 23 2018 - 2:19PM
Franklin Electric Co., Inc. (NASDAQ:FELE) announced today that its
Board of Directors declared a quarterly cash dividend of $0.12 per
share payable May 17, 2018, to shareowners of record on May 3,
2018. This represents an increase from the prior quarterly
dividend of $0.1075 per share.
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.
“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, 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, 2017,
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:John J. HainesFranklin Electric Co.,
Inc.260.824.2900
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