Printer Friendly

FRANKLIN ELECTRIC DECLARES PAYMENT OF QUARTERLY CASH DIVIDEND ON COMMON STOCK

 BLUFFTON, Ind., Oct. 15 /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 five cents per share, payable Nov. 26, 1993, to shareowners of record on Nov. 12, 1993. Lawson went on to say the board reinstated the payment of quarterly cash dividends in April of 1993, thus making this the third 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- 10/15/93
 /CONTACT: D.W. Pfister, 219-824-2900, Frankllin Electric.
 (FELE)


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

TS -- NY037 -- 2726 10/15/93 12:01 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 15, 1993
Words:154
Previous Article:UNION BANKSHARES POSTS THIRD QUARTER RESULTS
Next Article:MEDISYS TECHNOLOGIES AND BAYLOR COLLEGE OF MEDICINE ANNOUNCE FORMAL SIGNING OF CLINICAL TRIALS AGREEMENT
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters