LONDON, UK / ACCESSWIRE / May 01, 2018 / Active-Investors has a free review on Franklin Electric Co., Inc. (NASDAQ: FELE) following the Company's announcement that it will begin trading ex-dividend on May 02, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on May 01, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on FELE:
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On April 23, 2018, Franklin Electric announced 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 03, 2018. This represents an increase from the prior quarterly dividend of $0.1075 per share.
Franklin Electric's indicated dividend represents a yield of 1.16%, WHICH IS marginally higher than the average dividend yield of 1.15% for the Industrial Goods sector. The Company has increased its dividend for eight consecutive years.
Franklin Electric has a dividend payout ratio of 21.5%, which indicates that the Company spends approximately $0.22 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, Franklin Electric is forecasted to report earnings of $2.44 per share for the next year, which is more than five times higher than the Company's annualized dividend of $0.48 per share.
Franklin Electric ended 2017 with a cash balance of about $67 million versus about $104 million at the end of 2016, down primarily due to acquisitions and increased working capital. For the year ended December 31, 2017, the Company's net cash flows from operating activities was $66.8 million compared to $115.4 million for the year ago corresponding period. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
Recent Development for Franklin Electric
On April 03, 2018, Franklin Electric announced the appointment of Paul N. Chhabra as Vice President - Global Product Supply. Mr. Chhabra will be responsible for overseeing the Company's global operations and integrated supply chain, encompassing purchasing, manufacturing, distribution, planning, and logistics.
Mr. Chhabra has over fifteen years of experience in global supply chain and manufacturing management most recently as the Vice President - Global Supply Chain, Semiconductor and Service divisions for Applied Material, Inc.
Mr. Chhabra earned a bachelor's degree in Engineering from the University of Illinois, a master's degree and PhD in Engineering from Purdue University, and an MBA from the University of California at Berkeley.
About Franklin Electric Co., Inc.
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.
Stock Performance Snapshot
April 30, 2018 - At Monday's closing bell, Franklin Electric's stock dropped 1.32%, ending the trading session at $41.00.
Volume traded for the day: 64.64 thousand shares.
Stock performance in the last month – up 0.61%
After yesterday's close, Franklin Electric's market cap was at $1.94 billion.
Price to Earnings (P/E) ratio was at 21.73.
The stock has a dividend yield of 1.05%.
The stock is part of the Industrial Goods sector, categorized under the Industrial Electrical Equipment industry.
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