CORRECTING and REPLACING -- Franklin Electric Declares Payment of Quarterly Cash Dividend on Common Stock

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| Source: Franklin Electric Co., Inc.

FORT WAYNE, Ind., May 2, 2014 (GLOBE NEWSWIRE) -- In a press release issued earlier today by Franklin Electric Co., Inc. (Nasdaq:FELE), the share payable date has changed, and a new sentence was added to the end of the first paragraph. The full, corrected press release follows:

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 $.090 per share payable May 30, 2014 to shareowners of record on May 15, 2014. The $.090 per share quarterly dividend is a sixteen percent increase over the previous quarterly dividend of $0.0775 per share.

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 Electric 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, including those relating to market conditions or the Company's financial results, costs, expenses or expense reductions, profit margins, inventory levels, foreign currency translation rates, liquidity expectations, business goals and sales growth, involve risks and uncertainties, including but not limited to, risks and uncertainties with respect to general economic and currency conditions, various conditions specific to the Company's business and industry, weather conditions, new housing starts, market demand, competitive factors, changes in distribution channels, supply constraints, effect of price increases, raw material costs, technology factors, integration of acquisitions, 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, included in Item 1A of Part I of the Company's Annual Report on Form 10-K/A for the fiscal year ending December 28, 2013, Exhibit 99.1 attached thereto and in Item 1A of Part II of the Company's Quarterly Reports on Form 10-Q. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements.

For Further Information
Refer to: John J. Haines
260-824-2900