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NEW YORK ( TheStreet) -- The ex-dividend date for Franklin Electric (Nasdaq: FELE) is tomorrow, August 9, 2011. Owners of shares as of market close today will be eligible for a dividend of 14 cents per share. At a price of $42.29 as of 9:48 a.m. ET, the dividend yield is 1.3%. The average volume for Franklin Electric has been 106,100 shares per day over the past 30 days. Franklin Electric has a market cap of $987.5 million and is part of the industrial goods sector and industrial industry. Shares are up 9.2% year to date as of the close of trading on Friday. Franklin Electric Co., Inc., together with its subsidiaries, engages in the design, manufacture, and distribution of groundwater and fuel pumping systems. It operates in two segments, Water Systems and Fueling Systems. The company has a P/E ratio of 19.1, below the average industrial industry P/E ratio of 23.6 and above the S&P 500 P/E ratio of 17.7.