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Stock impact report

Franklin Electric's Projected Earnings Seem Likely To Cover Future Distributions [Yahoo! Finance]

Franklin Electric Co., Inc. (FELE) 
Last franklin electric co., inc. earnings: 4/28 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Fri, January 31, 2025 at 12:19 PM GMT+1 3 min read In This Article FELE The board of Franklin Electric Co., Inc. NASDAQ:FELE ) has announced that the dividend on 20th of February will be increased to $0.265, which will be 6.0% higher than last year's payment of $0.25 which covered the same period. This takes the annual payment to 1.0% of the current stock price, which unfortunately is below what the industry is paying. Check out our latest analysis for Franklin Electric Franklin Electric's Projected Earnings Seem Likely To Cover Future Distributions It would be nice for the yield to be higher, but we should also check if higher levels of dividend payment would be sustainable. However, prior to this announcement, Franklin Electric's dividend was comfortably covered by both cash flow and earnings. This means that most of what the business earns is being used to help it grow. Looking forward, earnings per share is forecast to rise by 28.5% over the next year. If the divi Show less Read more
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