Franklin Electric's most recent quarterly dividend payment of $0.25 per share was made to shareholders on record before Jan 31, 2024. At an annualized rate of $0.93 per share, the stock yields 0.92%. The latest FELE stock dividend of $0.25 is an increase from the previous $0.225 distribution, representing a growth of 11%.
FELE has a dividend yield of 0.92% which is below the Industrials sector, the industry and its peers average. Compared to its Industrials sector average of 1.43%, Franklin Electric's dividend yield is 36% lower. The historical 5-year average of FELE's dividend yield is 1.0%, which is similar to the current yield.
Franklin Electric has been paying dividends for the last 30 years. According to our data FELE has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 14% for the last year. And since the stock price has gone up by 12% from a year ago, the dividend yield has increased by 1.8%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Jan 31, 2024 | Feb 15, 2024 | Jan 22, 2024 | $0.25 | normal |
| Nov 1, 2023 | Nov 16, 2023 | Oct 23, 2023 | $0.225 | normal |
| Aug 2, 2023 | Aug 17, 2023 | Jul 24, 2023 | $0.225 | normal |
| May 3, 2023 | May 18, 2023 | Apr 24, 2023 | $0.225 | normal |
| 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 22.2% which is lower than the Industrials sector, the industry and its peers average. If we compare it with the Industrials sector average of 30.2%, Franklin Electric's payout ratio is 26% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| GRC Gorman Rupp Co | 1.96% | $0.71 | 53% |
| FLS Flowserve Corp | 1.77% | $0.81 | 57% |
| AOS Smith A O Corp | 1.43% | $1.24 | 33.4% |
| DOV DOVER Corp | 1.2% | $2.04 | 26.9% |
| XYL Xylem Inc | 1.06% | $1.35 | 48% |
| FELE Franklin Electric Co Inc | 0.92% | $0.93 | 22.2% |
| AME Ametek Inc | 0.58% | $1.03 | 18.1% |
| DHR Danaher Corp | 0.45% | $1.05 | 16.3% |
Yes, Franklin Electric has been paying dividends for the last 30 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 April 2024.
Franklin Electric's last regular dividend was on Jan 31, 2024 (ex-date) with the amount of $0.25 per share.
FELE's annualized dividend per share is $0.93.
Franklin Electric's current dividend yield is 0.92%.
Franklin Electric has a quarterly dividend frequency.
The dividend payout ratio of Franklin Electric is 22.2%.
Franklin Electric's dividend yield is below the Industrials sector average.