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Franklin Electric Co (Franklin Electric Co) 3-Year Dividend Growth Rate

: 13.20% (As of Dec. 2023)
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Franklin Electric Co's Dividends per Share for the three months ended in Dec. 2023 was $0.23.

The historical rank and industry rank for Franklin Electric Co's 3-Year Dividend Growth Rate or its related term are showing as below:

FELE' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 2.6   Med: 10.4   Max: 45.1
Current: 13.2

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Franklin Electric Co was 45.10% per year. The lowest was 2.60% per year. And the median was 10.40% per year.

FELE's 3-Year Dividend Growth Rate is ranked better than
54.95% of 1101 companies
in the Industrial Products industry
Industry Median: 11.2 vs FELE: 13.20

During the past 12 months, Franklin Electric Co's average Dividends Per Share Growth Rate was 15.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 13.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 13.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 11.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Franklin Electric Co's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.25. As of today, Franklin Electric Co's Dividend Yield % is 0.91%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Specialty Industrial Machinery subindustry, Franklin Electric Co's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Franklin Electric Co 3-Year Dividend Growth Rate Distribution

For the Industrial Products industry and Industrials sector, Franklin Electric Co's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Franklin Electric Co's 3-Year Dividend Growth Rate falls into.



Franklin Electric Co 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Franklin Electric Co  (NAS:FELE) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Franklin Electric Co's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.225/ 0.897
=0.25

During the past 13 years, the highest Dividend Payout Ratio of Franklin Electric Co was 0.28. The lowest was 0.19. And the median was 0.23.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Franklin Electric Co Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.2502024-01-312024-02-012024-02-15Cash DividendquarterlyUSD:USD 1.000000
USD 0.2252023-11-012023-11-022023-11-16Cash DividendquarterlyUSD:USD 1.000000
USD 0.2252023-08-022023-08-032023-08-17Cash DividendquarterlyUSD:USD 1.000000
USD 0.2252023-05-032023-05-042023-05-18Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Franklin Electric Co's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=0.925/102.11
=0.91 %

Current Share Price is $102.11.
Franklin Electric Co's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.925.

During the past 13 years, the highest Dividend Yield of Franklin Electric Co was 1.58%. The lowest was 0.66%. And the median was 0.95%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Franklin Electric Co 3-Year Dividend Growth Rate Related Terms>


Franklin Electric Co (Franklin Electric Co) Business Description

Traded in Other Exchanges
Address
9255 Coverdale Road, Fort Wayne, IN, USA, 46809
Franklin Electric Co Inc designs, manufactures, and distributes water and fuel pumping systems, composed of submersible motors, pumps, electronic controls, water treatment systems, and related parts and equipment. It has three segments; The Water Systems segment designs, manufactures and sells motors, pumps, drives, electronic controls, monitoring devices, and related parts and equipment for use in groundwater, water transfer, and wastewater, The Fueling Systems segment designs, manufactures and sells pumps, pipe, sumps, fittings, vapor recovery components, electronic controls, monitoring devices, and related parts and equipment for use in fueling system applications and the Distribution segment sells and provides presale support and specifications to the installing contractors.
Executives
Gregg C Sengstack officer: Senior Vice President and CFO FRANKLIN ELECTRIC CO INC, 9255 COVERDALE RD, FORT WAYNE IN 46809
Delancey W Davis officer: Vice President, Director of Sa FRANKLIN ELECTRIC CO., INC., 9255 COVERDALE RD, FORT WAYNE IN 46809
Greg Michael Levine officer: VP & President, Global Water 954 CHAPEL OAKS ROAD, FRONTENAC MO 63131
Jonathan M. Grandon officer: Chief Administrative Officer 56 EAST BELL DRIVE, P.O. BOX, WARSAW IN 46581
Donald P Kenney officer: VP and President Energy System FRANKLIN ELECTRIC CO., INC., 9255 COVERDALE RD, FORT WAYNE IN 46809
Paul Chhabra officer: VP, Global Product Supply 9255 COVERDALE ROAD, FORT WAYNE IN 46809
Jeffery L Taylor officer: Vice President and CFO 1000 SAGAMORE PARKWAY SOUTH, LAFAYETTE IN 47905
Chris Villavarayan director C/O MERITOR, INC., 2135 WEST MAPLE ROAD, TROY MI 48084
Brent L Spikes officer: VP, Global Manufacturing Ops 10330 CYGNET COVE, ROANOKE IN 46783
Kenneth Keene officer: VP, Global Supply Chain 626 MONTE VISTA DRIVE, FORT WAYNE IN 46814
John J Haines officer: Vice President and CFO FRANKLIN ELECTRIC CO., INC., 9255 COVERDALE RD, FORT WAYNE IN 46809
Luxfer Holdings Plc director LUMNS LANE, MANCHESTER X0 M27 8LN
Alok Maskara director 2140 LAKE PARK BLVD, RICHARDSON TX 75080
Jay J Walsh officer: President, Franklin Fueling 502 CABRILLO COURT, VERONA WI 53593
Julie Scheck Freigang officer: Vice President 515 FRANKLIN STREET, MICHIGAN CITY IN 46360