Benzinga | Jan 24, 2022 03:09PM EST

Franklin Electric Hikes Dividend By 11%

* Franklin Electric Co Inc (NASDAQ:FELE) increased its quarterly dividend by 11% to $0.195 per share from the prior quarterly dividend of $0.175/share.

* The dividend is payable on February 17, 2022, to shareholders of record on February 3, 2022.

* The company held cash and equivalents of $75.95 million as of September 30, 2021. Net cash flows from operating activities for the first nine months of 2021 were $93.9 million.

* Price Action: FELE shares traded higher by 2.85% at $89.11 on the last check Monday.