Franklin Resources, Inc. Announces Quarterly Dividend

Rhea-AI Summary

Franklin Resources, Inc. (BEN) announced a quarterly cash dividend of $0.30 per share, payable on January 13, 2023, to shareholders on record as of December 30, 2022. This dividend marks a 3.4% increase from the previous quarter and same quarter last year. The company has consistently increased its dividend annually since 1981. As of November 30, 2022, Franklin Templeton, with approximately $1.4 trillion in assets under management, continues to serve clients in over 155 countries.

Positive

• Quarterly dividend increased by 3.4% from prior quarter and last year.
• Company's 41-year history of annual dividend increases showcases stability.
• Strong asset management with approximately $1.4 trillion in assets.

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 January 13, 2023 to stockholders of record holding shares of common stock at the close of business on December 30, 2022. The quarterly dividend of $0.30 per share represents a 3.4% 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 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 November 30, 2022. For more information, please visit franklinresources.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221213006016/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, Inc. (BEN) in 2023?

Franklin Resources, Inc. (BEN) announced a dividend amount of $0.30 per share for the quarter.

When is the dividend payment date for BEN?

The dividend payment date for BEN is January 13, 2023.

What has been the trend of dividends for Franklin Resources, Inc.?

Franklin Resources, Inc. has raised its dividend every year since 1981.

How much in assets does Franklin Resources, Inc. manage?

As of November 30, 2022, Franklin Resources, Inc. manages approximately $1.4 trillion in assets.

What was the percentage increase of the dividend for BEN compared to last year?

The quarterly dividend for BEN represents a 3.4% increase compared to the same quarter last year.