SOURCE: Franklin Electric

October 22, 2007 16:05 ET

Franklin Electric Declares Payment of Quarterly Cash Dividend on Common Stock

BLUFFTON, IN--(Marketwire - October 22, 2007) - R. Scott Trumbull, Chairman and Chief Executive Officer of Franklin Electric Co., Inc. (NASDAQ: FELE), announced today that the Board of Directors declared a quarterly cash dividend of twelve cents per share payable November 15, 2007 to shareowners of record on November 1, 2007.

Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and automotive fuels. Recognized as a technical leader in its specialties, Franklin serves customers around the world in residential, commercial, agricultural, industrial, municipal, and fueling applications.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein involve risks and uncertainties, including but not limited to, general economic and currency conditions, various conditions specific to the Company's business and industry, market demand, competitive factors, changes in distribution channels, supply constraints, technology factors, litigation, government and regulatory actions, the Company's accounting policies, future trends, and other risks which are detailed in the Company's Securities and Exchange Commission filings. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements.

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    Refer to: Thomas J. Strupp
    260-824-2900