Franklin Electric Declares Payment of Quarterly Cash Dividend on Common Stock
BLUFFTON, Ind., Jan. 28, 2013 (GLOBE NEWSWIRE) -- R. Scott Trumbull, Chairman
and Chief Executive Officer of Franklin Electric Co., Inc. (Nasdaq:FELE),
announced today that the Board of Directors declared a quarterly cash dividend
of $.145per share payable February 21, 2013 to shareowners of record on
February 7, 2013.
Franklin Electric is a global leader in the production and marketing of
systems and components for the movement of water and automotive fuels.
Recognized as a technical leader in its specialties, Franklin Electric serves
customers around the world in residential, commercial, agricultural,
industrial, municipal, and fueling applications.
The Franklin Electric Co., Inc. logo is available at
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995. Any forward-looking statements contained herein, including those
relating to market conditions or the Company's financial results, costs,
expenses or expense reductions, profit margins, inventory levels, foreign
currency translation rates, liquidity expectations, business goals and sales
growth, involve risks and uncertainties, including but not limited to, risks
and uncertainties with respect to regional or general economic and currency
conditions, various conditions specific to the Company's business and
industry, new housing starts, weather conditions, market demand, competitive
factors, changes in distribution channels, supply constraints, effect of price
increases, raw material costs and availability, technology factors,
integration of acquisitions, litigation, government and regulatory actions,
the Company's accounting policies, and other risks which are detailed in the
Company's Securities and Exchange Commission filings, included in Item 1A of
Part I of the Company's Annual Report on Form 10-K for the fiscal year ending
December 31, 2011, Exhibit 99.1 attached thereto and in Item 1A of Part II of
the Company's Quarterly Reports on Form 10-Q. These risks and uncertainties
may cause actual results to differ materially from those indicated by the
forward-looking statements. All forward-looking statements made herein are
based on information currently available, and, except as required by law, the
Company assumes no obligation to update any forward-looking statements.
CONTACT: For Further Information
Refer to: John J. Haines
Press spacebar to pause and continue. Press esc to stop.