Bullish indicating open at $55-$60, IPO prices at $37
FORT WAYNE, Ind. - Franklin Electric Co., Inc. (NASDAQ:FELE) has announced a quarterly cash dividend of $0.265 per share, scheduled for distribution on May 22, 2025, to shareholders on record as of May 8, 2025. This decision, as declared by the company’s Board of Directors today, represents a continued commitment to providing returns to its investors. According to InvestingPro data, the company has maintained dividend payments for 33 consecutive years, with a current dividend yield of 1.19% and impressive 17.8% dividend growth over the last twelve months.
Franklin Electric, known for its role in the production and marketing of systems and components for the movement of water and energy, operates on a global scale, generating annual revenue of $2 billion. The company’s reach extends to various sectors including residential, commercial, agricultural, industrial, municipal, and fueling applications. InvestingPro analysis shows the company maintains strong financial health with a current ratio of 2.22 and more cash than debt on its balance sheet. It has been recognized for its technical prowess and has recently been named in Newsweek’s lists of America’s Most Responsible Companies and Most Trustworthy Companies for 2024, as well as America’s Climate Leaders 2024 by USA Today.
The company’s forward-looking statements, as per the Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995, indicate a range of risks and uncertainties. These include economic and currency conditions, industry-specific conditions, competitive factors, and regulatory actions, among others. The detailed risks are elaborated in the company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ending December 31, 2024, and its Quarterly Reports on Form 10-Q.
Investors are advised that these forward-looking statements may not fully materialize as predicted, due to the inherent uncertainties involved. Franklin Electric does not assume any obligation to update the statements based on new information or future events.
This dividend declaration is a part of the company’s financial strategy, and the information is based on a press release statement from Franklin Electric Co., Inc. Based on InvestingPro analysis, the company appears slightly undervalued at current levels, with analysts forecasting continued profitability. Investors should note that Franklin Electric is scheduled to report its next earnings on April 29, 2025. For deeper insights into FELE’s valuation and financial health, including additional ProTips and comprehensive analysis, explore the full Pro Research Report available on InvestingPro.
In other recent news, Franklin Electric reported stronger-than-expected earnings for the fourth quarter of 2024, with earnings per share (EPS) of $0.72, exceeding the forecasted $0.67. The company also reported a revenue of $485.7 million, surpassing the expected $469.88 million. Despite the positive earnings report, Franklin Electric announced a leadership transition with Jeffery Taylor stepping down as Chief Financial Officer effective March 28, 2025, and Russell Fleeger appointed as interim CFO. DA Davidson maintained a Neutral rating on Franklin Electric, noting that the company’s fourth-quarter sales outperformed their model by approximately $14 million. The company’s operating profit, excluding restructuring costs, was $2 million higher than expected, driven by strong performance in the Energy Systems and Distribution segments. Franklin Electric has also completed strategic acquisitions in Australia and Latin America, contributing to its growth. Looking ahead, the company has set its 2025 EPS guidance slightly below expectations, but its balance sheet remains robust.
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