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FRANKLIN ELECTRIC DECLARES PAYMENT OF QUARTERLY CASH DIVIDEND ON COMMON STOCK

 BLUFFTON, Ind., July 16 /PRNewswire/ -- William H. Lawson, chairman and chief executive officer of Franklin Electric Co. Inc. (NASDAQ-NMS: FELE), announced today that the board of directors declared a quarterly cash dividend of 5 cents per share, payable Aug. 27, 1993 to shareholders of record on Aug. 13, 1993. Mr. Lawson went on to say the board reinstated the payment of quarterly cash dividends in April of 1993, thus making this the second 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- 7/16/93
 /CONTACT: D.W. Pfister of Franklin Electric Co., Inc., 219-824-2900/
 (FELE)


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

WB -- NY049 -- 2587 07/16/93 15:33 EDT
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Publication:PR Newswire
Date:Jul 16, 1993
Words:158
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