Franklin Resources, Inc. Announces Increased Quarterly Dividend

Rhea-AI Summary

Franklin Resources, Inc. (NYSE: BEN) has declared a quarterly cash dividend of $0.28 per share, payable on January 15, 2021, to shareholders of record as of the close of business on December 31, 2020. This marks a 4% increase compared to dividends from the previous quarter and the same period last year. The company has a strong track record, having increased its dividend annually since 1981. With approximately $1.5 trillion in assets under management, Franklin Templeton continues to serve clients globally through its investment management expertise.

Positive

• Quarterly dividend of $0.28 per share, a 4% increase over prior dividends.
• Company has a strong history of annual dividend increases since 1981.

Negative

• None.

Franklin Resources, Inc. (the “Company”) [NYSE:BEN] announced a quarterly cash dividend in the amount of $0.28 per share payable on January 15, 2021 to stockholders of record holding shares of common stock at the close of business on December 31, 2020. The quarterly dividend of $0.28 per share represents a 4% increase over the dividends paid for the prior quarter and the same quarter last year. The Company has raised its dividend every year since 1981.

About Franklin Templeton

Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 165 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the Company brings extensive capabilities in equity, fixed income, multi-asset solutions and alternatives. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has over 70 years of investment experience and approximately $1.5 trillion in assets under management as of November 30, 2020. For more information, please visit franklinresources.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201215006114/en/

FAQ

What is the dividend amount declared by Franklin Resources in 2021?

Franklin Resources declared a quarterly cash dividend of $0.28 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on January 15, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is December 31, 2020.

How long has Franklin Resources been increasing its dividend?

Franklin Resources has increased its dividend every year since 1981.

How much in assets under management does Franklin Templeton have?

Franklin Templeton has approximately $1.5 trillion in assets under management.