Franklin Electric's most recent quarterly dividend payment of $0.225 per share was made to shareholders on record before Feb 1, 2023. At an annualized rate of $0.81 per share, the stock yields 0.86%. The latest FELE stock dividend of $0.225 is an increase from the previous $0.195 distribution, representing a growth of 15%.
FELE has a dividend yield of 0.86% which is below the Industrials sector, the industry and its peers average. Compared to its Industrials sector average of 1.39%, Franklin Electric's dividend yield is 38% lower. The historical 5-year average of FELE's dividend yield is 1.0%, which is above the current yield.
Franklin Electric has been paying dividends for the last 28 years. According to our data FELE has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 13% for the last year. However since the stock price has gone up by 12% from a year ago, the dividend yield has decreased by 0.3%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Feb 1, 2023 | Feb 16, 2023 | Jan 23, 2023 | $0.225 | normal |
| Nov 2, 2022 | Nov 17, 2022 | Oct 24, 2022 | $0.195 | normal |
| Aug 3, 2022 | Aug 18, 2022 | Jul 25, 2022 | $0.195 | normal |
| May 4, 2022 | May 19, 2022 | Apr 25, 2022 | $0.195 | normal |
| Feb 2, 2022 | Feb 17, 2022 | Jan 24, 2022 | $0.195 | normal |
| Nov 3, 2021 | Nov 18, 2021 | Oct 25, 2021 | $0.175 | normal |
| Aug 4, 2021 | Aug 19, 2021 | Jul 26, 2021 | $0.175 | normal |
| May 5, 2021 | May 20, 2021 | Apr 26, 2021 | $0.175 | normal |
| Feb 3, 2021 | Feb 18, 2021 | Jan 25, 2021 | $0.175 | normal |
| Nov 4, 2020 | Nov 19, 2020 | Oct 26, 2020 | $0.155 | normal |
| Aug 5, 2020 | Aug 20, 2020 | Jul 27, 2020 | $0.155 | normal |
| May 6, 2020 | May 21, 2020 | Apr 27, 2020 | $0.155 | normal |
| Feb 5, 2020 | Feb 20, 2020 | Jan 27, 2020 | $0.155 | normal |
| Oct 31, 2019 | Nov 15, 2019 | Oct 22, 2019 | $0.145 | normal |
| Jul 31, 2019 | Aug 15, 2019 | Jul 22, 2019 | $0.145 | normal |
| May 1, 2019 | May 16, 2019 | Apr 22, 2019 | $0.145 | normal |
| Jan 31, 2019 | Feb 15, 2019 | Jan 22, 2019 | $0.145 | normal |
| Oct 31, 2018 | Nov 15, 2018 | Oct 22, 2018 | $0.12 | normal |
| Aug 1, 2018 | Aug 16, 2018 | Jul 23, 2018 | $0.12 | normal |
| May 2, 2018 | May 17, 2018 | Apr 23, 2018 | $0.12 | normal |
| Jan 31, 2018 | Feb 15, 2018 | Jan 22, 2018 | $0.108 | normal |
| Nov 1, 2017 | Nov 16, 2017 | Oct 23, 2017 | $0.108 | normal |
| Aug 1, 2017 | Aug 17, 2017 | Jul 24, 2017 | $0.108 | normal |
| May 2, 2017 | May 18, 2017 | Apr 24, 2017 | $0.108 | normal |
| Jan 31, 2017 | Feb 16, 2017 | Jan 23, 2017 | $0.1 | normal |
| Nov 1, 2016 | Nov 17, 2016 | Oct 24, 2016 | $0.1 | normal |
| Aug 2, 2016 | Aug 18, 2016 | Jul 25, 2016 | $0.1 | normal |
| May 3, 2016 | May 20, 2016 | Apr 21, 2016 | $0.1 | normal |
| Feb 2, 2016 | Feb 18, 2016 | Jan 25, 2016 | $0.098 | normal |
FELE has a payout ratio of 20.1% which is lower than the Industrials sector, the industry and its peers average. If we compare it with the Industrials sector average of 27.3%, Franklin Electric's payout ratio is 26% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| GRC Gorman Rupp Co | 2.37% | $0.69 | 116.1% |
| FLS Flowserve Corp | 2.29% | $0.8 | 123.1% |
| AOS Smith A O Corp | 1.68% | $1.16 | 36.7% |
| DOV DOVER Corp | 1.26% | $2.01 | 24.8% |
| XYL Xylem Inc | 1.14% | $1.2 | 67.8% |
| FELE Franklin Electric Co Inc | 0.86% | $0.81 | 20.1% |
| AME Ametek Inc | 0.6% | $0.88 | 17.8% |
| DHR Danaher Corp | 0.37% | $1 | 10.9% |
| AMOT Allied Motion Technologies Inc | 0.24% | $0.1 | 10.1% |
Yes, Franklin Electric has been paying dividends for the last 28 years.
FELE hasn't announced its next dividend date yet, however if we take into account its recent dividend schedule, it is likely that its next dividend will be in May 2023.
Franklin Electric's last regular dividend was on Feb 1, 2023 (ex-date) with the amount of $0.225 per share.
FELE's annualized dividend per share is $0.81.
Franklin Electric's current dividend yield is 0.86%.
Franklin Electric has a quarterly dividend frequency.
The dividend payout ratio of Franklin Electric is 20.1%.
Franklin Electric's dividend yield is below the Industrials sector average.