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FRANKLIN ELECTRIC DECLARES PAYMENT OF FIRST QUARTERLY CASH DIVIDEND ON COMMON STOCK SINCE RECAPITALIZATION IN 1989

 BLUFFTON, Ind., April 16 /PRNewswire/ -- William H. Lawson, chairman and chief executive officer of Franklin Electric Co., Inc. (NASDAQ-NMS: FELE), announced today at the annual shareowners' meeting that the board of directors declared a quarterly cash dividend of five cents per share, payable May 28, 1993, to shareowners of record on May 14, 1993. Lawson went on to say this is the first quarterly cash dividend paid on common stock since the recapitalization in 1989. Prior to the recapitalization, Franklin Electric had paid a quarterly cash dividend consecutively since 1972.
 Franklin Electric is a leading manufacturer of electric motors, including submersible motors and other engineered motor products for home, farm, municipal and industrial use.
 -0- 4/16/93
 /CONTACT: D.W. Pfister of Franklin Electric, 219-824-2900/
 (FELE)


CO: Franklin Electric Co., Inc. ST: Indiana IN: SU: DIV

TS -- NY035 -- 6715 04/16/93 11:31 EDT
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Publication:PR Newswire
Date:Apr 16, 1993
Words:146
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