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Benzinga
Benzinga
Business
Akanksha Bakshi

Franklin Electric Hikes Dividend By 11%

FELE
  • Franklin Electric Co Inc (NASDAQ:FELE) increased its quarterly dividend by 11% to $0.195 per share from the prior quarterly dividend of $0.175/share.
  • The dividend is payable on February 17, 2022, to shareholders of record on February 3, 2022.
  • The company held cash and equivalents of $75.95 million as of September 30, 2021. Net cash flows from operating activities for the first nine months of 2021 were $93.9 million.
  • Price Action: FELE shares traded higher by 2.85% at $89.11 on the last check Monday.
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