Franklin Electric Co., Inc. Declares Quarterly Cash Dividend, Payable on February 15, 2019
January 22, 2019 at 02:53 pm
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Franklin Electric Co., Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.145 per share payable on February 15, 2019, to shareholders of record on February 1, 2019. This represents a 21% increase from the prior quarterly dividend of $0.12 per share.
Franklin Electric Co., Inc. designs, manufactures and distributes water and fuel pumping systems, composed primarily of submersible motors, pumps, electronic controls, water treatment systems, and related parts and equipment. The Companyâs water pumping systems move fresh and wastewater to the residential, agricultural and other industrial end markets. The Company's segments include Water Systems, Fueling Systems, and Distribution. Water Systems produces and markets water pumping systems and is a technical service for submersible motors, pumps, drives, electronic controls, water treatment systems, and monitoring devices. The Fueling Systems segment designs, manufactures and sells pumps, motors, pipe, sumps, fittings, vapor recovery components, electronic controls, monitoring devices and related parts and equipment primarily for use in fueling system applications. The Distribution segment operates as a collection of wholly owned groundwater distributors known as the Headwater Companies.