Franklin Resources Inc Stock Price, News & Analysis

Templeton Global Income Fund [NYSE: GIM] announced a monthly distribution of $0.0354 per share, payable on May 31, 2022, to shareholders of record on May 16, 2022. The Fund operates under a managed distribution plan, promising a minimum annual rate of 8% based on the average net asset value. However, the Fund may utilize long-term capital gains or return of capital if net distributable income is insufficient. Amendments or termination of the plan could negatively impact the market price of the common shares. Tax implications for distributions will vary.

The Templeton Emerging Markets Income Fund (NYSE: TEI) announced a monthly distribution of $0.0600 per share from net investment income, payable on May 31, 2022. Shareholders of record as of May 16, 2022 will receive the distribution. The Fund operates under a managed distribution plan, maintaining a minimum annual rate of 10% based on average net asset value. The Board retains the right to amend or terminate this plan. Distributions may include returns of capital, which do not reflect investment performance. No conclusions about the Fund’s performance should be drawn from the distribution amounts.

Franklin Resources reported a net income of $349.6 million ($0.68 per diluted share) for Q1 2022, down from $453.2 million ($0.88) in Q4 2021 and $381.8 million ($0.74) in Q1 2021. Operating income decreased to $463 million, reflecting a 17% drop quarter-over-quarter. Despite a challenging market environment leading to net long-term outflows of $11.7 billion, the company experienced growth in higher-fee products. Total assets under management (AUM) fell to $1.48 trillion, down 6% from the previous quarter. Adjusted net income was $491.6 million, a decrease from $553.6 million in Q4 2021.

Franklin Templeton has published its annual Corporate Social Responsibility (CSR) Report, reaffirming commitments made in 2021 and outlining progress across six dimensions of CSR: stewardship and sustainable investing; diversity and inclusion; environment and climate; employee experience; community engagement; and responsible corporate practices. For 2022, the firm aims to enhance its sustainability reporting using the Global Reporting Initiative framework. Key achievements include a reduction in greenhouse gas emissions by 57% since 2007 and the integration of diverse hiring practices. The report emphasizes long-term risk management as a core business strategy.

The Templeton Emerging Markets Income Fund (NYSE: TEI) has announced its estimated sources of distribution for April 29, 2022. The distribution per share is $0.0635, comprising 61% net investment income, 39% return of capital, and no short-term or long-term capital gains. For the fiscal year 2022 to date, the cumulative distribution is $0.1913 per share, with 63% from net investment income and 37% from return of capital. Shareholders are cautioned that returns of capital do not reflect performance and final distribution figures may vary for tax purposes.

The Templeton Global Income Fund (GIM) announced its distribution sources for April 29, 2022. The estimated monthly distribution is $0.0362 per share, with $0.0150 (42%) from net investment income and $0.0212 (58%) classified as a return of capital. Cumulative fiscal year distributions total $0.1049 per share, predominantly funded by returns of capital (68%). The Fund operates under a managed distribution plan, aiming for an annual minimum distribution rate of 8% based on average NAV. Shareholders are cautioned that returns of capital do not indicate investment performance.

Franklin Universal Trust (NYSE: FT) has announced the estimated sources of its upcoming distribution scheduled for April 29, 2022. The distribution per share is set at $0.0425, with 91% attributed to net investment income and 9% considered a return of capital. For the fiscal year-to-date ending August 31, 2022, the cumulative distribution per share amounts to $0.3367, consisting of 66% net investment income and 17% short-term capital gains. Shareholders are advised that the distribution does not necessarily reflect the Fund’s investment performance.