Franklin Resources Inc - BEN STOCK NEWS

Franklin Resources, Inc. (BEN) has declared a quarterly cash dividend of $0.29 per share, payable on January 14, 2022, to stockholders on record as of December 31, 2021. This dividend marks an approximate 4% increase compared to the previous quarter and the same quarter last year. The company has consistently raised its dividend annually since 1981. As of November 30, 2021, Franklin Resources had over $1.5 trillion in assets under management and extensive global investment experience.

Franklin Limited Duration Income Trust (FTF) has announced the estimated sources of its upcoming distribution set for December 15, 2021. The monthly distribution is $0.0763 per share, comprising $0.0428 (56%) from net investment income, $0.0010 (1%) from short-term capital gains, and $0.0325 (43%) as a return of capital. Cumulative allocations for fiscal year-to-date, ending October 31, 2021, amount to $0.7808 per share. Shareholders should note that a portion of these distributions may represent a return of capital.

Franklin Universal Trust (NYSE: FT) announced estimated sources of distributions for the fiscal year ending August 31, 2022. The distribution of $0.0425 per share on December 15, 2021, comprises 94% net investment income and 6% net short-term capital gains. Year-to-date cumulative distributions amount to $0.0850 per share, with 97% attributed to net investment income. The Fund emphasizes that past distribution amounts do not predict future performance, urging caution among shareholders. Financial highlights include a 7.52% average annual total return over five years and a distribution rate of 5.83% as of October 31, 2021.

On November 30, 2021, Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of $1,546.8 billion, a decrease from $1,561.7 billion at the end of October 2021. The drop in AUM was primarily due to negative market conditions, offset by long-term net inflows of $7.4 billion, largely attributed to new client accounts from the Investment Grade Credit team. Despite a $3.6 billion multi-asset institutional redemption, overall long-term net flows remained positive.

Templeton Emerging Markets Income Fund (NYSE: TEI) has announced a monthly distribution of $0.0663 per share, payable on December 31, 2021. Shareholders of record on December 15, 2021 will receive this payment, with an ex-dividend date of December 14, 2021. The Fund aims to provide a managed distribution plan with a fixed annual rate of 10% based on the average monthly net asset value (NAV). However, there are no guarantees regarding the success of the Plan, and the Board can amend or terminate it at any time.

Templeton Emerging Markets Fund (NYSE: EMF) has announced a total distribution of $1.1097 per share. This distribution includes $0.4051 in net investment income, $0.3483 in short-term capital gains, and $0.3563 in long-term capital gains. Shareholders will receive this distribution on December 31, 2021, if they are on record by December 15, 2021, with an ex-dividend date set for December 14, 2021.

Templeton Global Income Fund [NYSE: GIM] has announced a monthly distribution of $0.0349 per share, payable on December 31, 2021. Shareholders of record on December 15, 2021 will receive this payment. The Fund operates under a managed distribution plan, ensuring a minimum annual fixed rate of 7.5% based on average monthly net asset value (NAV). Distributions may include returns of capital if sufficient income is unavailable. The plan can be amended or terminated by the Board without notice, influencing market prices.

Transamerica has been selected by Franklin Templeton as the recordkeeper for its new retirement plan solution, the Franklin Templeton Group Plan Solution, aimed at small to mid-size businesses. This partnership allows employers to access group pricing and professional fiduciary services through DWC and LeafHouse Financial. The collaboration seeks to enhance retirement plan coverage and streamline operations for HR departments, enabling them to focus on their core responsibilities. The plan meets various ERISA requirements at the individual plan level.

Franklin Resources, Inc. (NYSE:BEN) will participate in the Goldman Sachs 2021 US Financial Services Conference on December 8, 2021. CEO Jenny Johnson and CFO Matthew Nicholls are scheduled to speak at approximately 1:40 p.m. ET. Investors can access the live video webcast through the "Investor Relations" section of Franklin's website, with a replay available post-event. Franklin Templeton, with over 70 years of experience and more than $1.5 trillion in assets under management, serves clients in over 165 countries, focusing on investment and wealth management solutions.