Franklin Electric up on raising dividend by 15%

FRANKLIN ELECTRIC

23/01/2023 17:24

** Maker of fuel pumping systems Franklin Electric Co Inc's
shares  FELE.O  up 1.7% at $86.54
    ** FELE announces a 15% dividend increase from the prior
quarterly dividend  urn:newsml:reuters.com:*:nGNX7W08gN
    ** FELE's board declared a quarterly cash dividend of $0.225
per share
    ** "This dividend increase will mark the 31st consecutive
year that Franklin Electric has increased its dividend," says
CEO Gregg Sengstack
    ** FELE stock was down 15.7% last year
 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))