The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

We use cookies to improve your experience and serve personalized ads.

By clicking Accept, you consent to our use of advertising cookies. See our Privacy Policy for details.

Stocks•27 April 2026•

1 min read

Franklin Electric Hikes Dividend to $0.28, Marking 33 Years of Growth

Key Facts

1Franklin Electric declared a quarterly dividend of $0.28 per share, payable on May 21st.

2This announcement marks 33 consecutive years of dividend increases for the company.

3The company maintains a conservative payout ratio of 23.9%, which is well-covered by earnings.

Franklin Electric Co., Inc. (FELE) has declared a quarterly cash dividend of $0.28 per share, scheduled for payment on May 21st. This announcement marks a significant milestone, representing the 33rd consecutive year of dividend increases for the company. Franklin Electric maintains a highly sustainable payout ratio of 23.9%, ensuring that dividends remain well-covered by current earnings. The decision is backed by solid financial performance, including a 4.4% year-over-year increase in revenue. This consistent growth in payouts underscores the company's robust capital return strategy and long-term financial stability. For income-focused investors, the move reaffirms the company's position as a reliable dividend payer within the industrial products sector.