Franklin Resources, Inc. Announces Quarterly Dividend

Rhea-AI Summary

Franklin Resources, Inc. (NYSE: BEN) announced a quarterly cash dividend of $0.28 per share, payable on July 15, 2021, to stockholders of record by June 30, 2021. This dividend reflects a 4% increase compared to the same quarter last year, aligning with the amount paid in the prior quarter. Franklin Resources operates globally, providing investment management services and managing over $1.5 trillion in assets as of April 30, 2021.

Positive

• Quarterly cash dividend of $0.28 per share maintained, reflecting strong financial health.
• 4% increase in dividend compared to the same quarter last year, indicating company confidence.

Negative

• None.

Franklin Resources, Inc. (the “Company”) [NYSE:BEN] announced a quarterly cash dividend in the amount of $0.28 per share payable on July 15, 2021 to stockholders of record holding shares of common stock at the close of business on June 30, 2021. The quarterly dividend of $0.28 per share is equivalent to the dividend paid for the prior quarter and represents a 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 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 over $1.5 trillion in assets under management as of April 30, 2021. For more information, please visit franklinresources.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210608006087/en/

FAQ

What is the dividend amount for Franklin Resources in 2021?

Franklin Resources announced a quarterly dividend of $0.28 per share for 2021.

When will the dividend be paid to shareholders?

The dividend will be paid on July 15, 2021, to stockholders of record as of June 30, 2021.

How does the dividend compare to last year?

The $0.28 per share dividend represents a 4% increase from the same quarter last year.

What is the significance of the dividend announcement for BEN stock?

The maintained and increased dividend suggests financial stability and can enhance shareholder confidence in BEN.