Franklin Electric announces higher quarterly cash dividend
Franklin Electric Co., Inc., a leading global producer and distributor of water and energy movement systems and components, has declared an increased quarterly cash dividend. The Board of Directors of Franklin Electric Co., Inc. recently approved a dividend payment of $0.265 per share, which is set to be distributed on February 20, 2025, to shareholders of record as of February 6, 2025. This decision reflects a notable 6 percent rise from the previous quarterly dividend amount. Notably, this upcoming dividend payout signifies the 33rd consecutive year in which Franklin Electric has elevated its dividend payouts, showcasing its unwavering commitment to rewarding shareholders and its optimism in the company’s future prospects.
Franklin Electric has established itself as a reputable entity renowned for its technological prowess and superior products and services. The company caters to a diverse clientele spanning residential, commercial, agricultural, industrial, municipal, and fueling sectors across the globe. Noteworthy accolades include Franklin Electric’s inclusion in Newsweek’s esteemed rankings as one of America’s Most Responsible Companies and Most Trustworthy Companies for 2024, along with being recognized in USA Today’s America’s Climate Leaders 2024 list. These accolades underscore Franklin Electric’s dedication to environmental responsibility and ethical business practices.
In compliance with the ‘Safe Harbor’ Statement under the Private Securities Litigation Reform Act of 1995, Franklin Electric acknowledges the presence of inherent risks and uncertainties in making forward-looking statements. These predictions pertain to market conditions, financial outcomes, cost management, profit margins, supply chain dynamics, currency fluctuations, and various macroeconomic factors. Franklin Electric operates within a complex landscape shaped by industry-specific conditions, regulatory environments, technological advancements, and global economic shifts, all of which contribute to the unpredictability of outcomes. Risks associated with raw material costs, market demand, competition, acquisitions, litigation, and governmental actions, among other factors, are duly noted in the company’s Securities and Exchange Commission filings.
It is imperative to recognize that these potential risks and uncertainties may impact the accuracy and realization of forward-looking statements, thus leading to results that deviate from initial projections. Maintaining transparency and a proactive approach, Franklin Electric strives to provide updated and relevant information, while acknowledging the dynamic nature of external factors that may influence business operations. By fostering a corporate culture grounded in accountability and diligence, Franklin Electric continues to navigate challenges and achieve sustainable growth in the competitive landscape.
