At the end of today, August 17, 2023, Franklin Electric FELE will distribute a dividend payout of $0.23 per share, translating to an annualized dividend yield of 0.85%. Shareholders who held the stock before the ex-dividend date on August 02, 2023 will benefit from this payout.
Franklin Electric Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-08-02 | 4 | $0.23 | 0.85% | 2023-07-24 | 2023-08-03 | 2023-08-17 |
| 2023-05-03 | 4 | $0.23 | 1.01% | 2023-04-24 | 2023-05-04 | 2023-05-18 |
| 2023-02-01 | 4 | $0.23 | 1.06% | 2023-01-23 | 2023-02-02 | 2023-02-16 |
| 2022-11-02 | 4 | $0.2 | 0.91% | 2022-10-24 | 2022-11-03 | 2022-11-17 |
| 2022-08-03 | 4 | $0.2 | 0.98% | 2022-07-25 | 2022-08-04 | 2022-08-18 |
| 2022-05-04 | 4 | $0.2 | 0.98% | 2022-04-25 | 2022-05-05 | 2022-05-19 |
| 2022-02-02 | 4 | $0.2 | 0.9% | 2022-01-24 | 2022-02-03 | 2022-02-17 |
| 2021-11-03 | 4 | $0.17 | 0.8% | 2021-10-25 | 2021-11-04 | 2021-11-18 |
| 2021-08-04 | 4 | $0.17 | 0.85% | 2021-07-26 | 2021-08-05 | 2021-08-19 |
| 2021-05-05 | 4 | $0.17 | 0.85% | 2021-04-26 | 2021-05-06 | 2021-05-20 |
| 2021-02-03 | 4 | $0.17 | 0.96% | 2021-01-25 | 2021-02-04 | 2021-02-18 |
| 2020-11-04 | 4 | $0.15 | 0.98% | 2020-10-26 | 2020-11-05 | 2020-11-19 |
With a dividend yield that places it neither at the top nor the bottom, Franklin Electric finds itself in the middle among its industry peers, while Stanley Black & Decker SWK boasts the highest annualized dividend yield at 3.54%.
Analyzing Franklin Electric Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
Investors witnessed an upward trajectory in the company's dividend per share between 2019 and 2022. The dividend per share rose from $0.58 to $0.78, indicating the company's dedication to enhancing shareholder value through increased dividends.
YoY Earnings Growth For Franklin Electric
Investors can observe a growth in earnings for Franklin Electric from 2019 to 2022, as earnings per share increased from $2.16 to $4.02. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.
Recap
This article delves into the recent dividend payout of Franklin Electric and its implications for shareholders. Presently, the company is distributing a dividend of $0.23 per share, leading to an annualized dividend yield of 0.85%.
With a dividend yield that places it neither at the top nor the bottom, Franklin Electric finds itself in the middle among its industry peers, while Stanley Black & Decker boasts the highest annualized dividend yield at 3.54%.
With an increase in dividend per share and earnings per share from 2019 to 2022, Franklin Electric demonstrates a healthy financial status and is likely to maintain their dividend distribution to investors.
Keeping a vigilant eye on the company's performance in the coming quarters will allow investors to stay current with any variations in financials or dividend disbursements.
[Click here](https://www.benzinga.com/stock//dividends) to find details on Franklin Electric's previous dividends.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
