Franklin Resources, Inc. Announces Quarterly Dividend

Rhea-AI Summary

Franklin Resources announced a quarterly cash dividend of $0.31 per share, payable on July 12, 2024, to stockholders of record as of June 28, 2024. This dividend is consistent with the previous quarter's dividend and marks a 3.3% increase compared to the same quarter last year. The company's dividend policy aims to provide consistent returns to shareholders, reflecting its stable financial performance.

Positive

• Quarterly dividend of $0.31 per share, consistent with the previous quarter.
• 3.3% increase in the quarterly dividend compared to the same quarter last year.
• Reflects stable financial performance and commitment to returning value to shareholders.

Negative

• Dividend amount remains unchanged from the previous quarter, potentially signaling no short-term growth.

SAN MATEO, Calif.--(BUSINESS WIRE)-- Franklin Resources, Inc. (the “Company”) [NYSE:BEN] announced a quarterly cash dividend in the amount of $0.31 per share payable on July 12, 2024 to stockholders of record holding shares of common stock at the close of business on June 28, 2024. The quarterly dividend of $0.31 per share is equivalent to the dividend paid for the prior quarter and represents a 3.3% 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 150 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 equity, fixed income, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and over $1.6 trillion in assets under management as of April 30, 2024. For more information, please visit franklinresources.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240521081645/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 announced by Franklin Resources (BEN) for the upcoming quarter?

Franklin Resources announced a quarterly dividend of $0.31 per share.

When will Franklin Resources (BEN) pay the announced dividend?

The dividend will be payable on July 12, 2024.

When is the record date for Franklin Resources (BEN) upcoming dividend?

The record date for the dividend is June 28, 2024.

How does the recent dividend of Franklin Resources (BEN) compare to the previous quarter?

The recent dividend of $0.31 per share is equivalent to the dividend paid in the previous quarter.

Has the dividend of Franklin Resources (BEN) increased compared to the same quarter last year?

Yes, the dividend represents a 3.3% increase over the same quarter last year.