Franklin Electric (FELE) will raise its quarterly dividend by 11.6 percent to $0.12 per share in the second quarter of 2018. This follows a 7.5 percent dividend hike in 2017.

The next dividend is payable May 17, 2018, to shareowners of record on May 3, 2018.  Today's action represents an increase from the prior quarterly dividend of $0.1075 per share. Franklin Electric currently has an estimated dividend yield of 1.2%.

Franklin Electric Co., Inc. is a global leader in the manufacturing and distribution of products and systems focused on the movement and management of water and fuel. FELE offers pumps, motors, drives, and controls for use in a wide variety of residential, commercial, agricultural, industrial, and municipal applications.  Founded in 1944 and incorporated in 1946, Franklink Electric is named after America’s pioneer electrical engineer, Benjamin Franklin. The company manufactured the first waterlubricated submersible motor for water systems, and the first submersible motor for fueling systems.