Franklin Resources, Inc. Announces Quarterly Dividend

Rhea-AI Summary

Franklin Resources, Inc. (NYSE:BEN) announced a quarterly cash dividend of $0.30 per share, payable on April 14, 2023, to shareholders on record as of March 31, 2023. This dividend, maintaining the same amount as the previous quarter, reflects a 3.4% increase over the same quarter last year. The company, headquartered in California, manages approximately $1.4 trillion in assets, serving clients in over 155 countries. It focuses on investment management and wealth management through its subsidiaries, notably Franklin Templeton.

Positive

• Quarterly cash dividend of $0.30 per share, indicating consistent income for shareholders.
• 3.4% increase in dividend compared to last year's same quarter, showcasing company confidence.

Negative

• None.

SAN MATEO, Calif.--(BUSINESS WIRE)-- Franklin Resources, Inc. (the “Company”) [NYSE:BEN] announced a quarterly cash dividend in the amount of $0.30 per share payable on April 14, 2023 to stockholders of record holding shares of common stock at the close of business on March 31, 2023. The quarterly dividend of $0.30 per share is equivalent to the dividend paid for the prior quarter and represents a 3.4% increase over the quarterly dividend paid for the same quarter last year.

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 155 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 offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives, and multi-asset solutions. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has 75 years of investment experience and approximately $1.4 trillion in assets under management as of December 31, 2022. For more information, please visit franklinresources.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230207006145/en/

Franklin Resources, Inc.

Investor Relations: Selene Oh (650) 312-4091, selene.oh@franklintempleton.com

Media Relations: Matt Walsh (650) 312-2245, matthew.walsh@franklintempleton.com

investors.franklinresources.com

Source: Franklin Resources, Inc.

FAQ

What is the dividend amount for Franklin Resources (BEN) announced in 2023?

The dividend amount announced is $0.30 per share.

When is the dividend for BEN payable?

The dividend is payable on April 14, 2023.

What was the increase in Franklin Resources' dividend compared to last year?

The dividend represents a 3.4% increase over the same quarter last year.

What is the record date for the dividend payment of BEN?

The record date for the dividend payment is March 31, 2023.