Welcome to our dedicated page for Franklin Resources news (Ticker: BEN), a resource for investors and traders seeking the latest updates and insights on Franklin Resources stock.
Franklin Resources, Inc. (NYSE: BEN), commonly known as Franklin Templeton, is a prominent global investment management organization. With more than 75 years of expertise, Franklin Templeton delivers a suite of investment services aimed at both individual and institutional investors. As of April 2024, the company oversees $1.602 trillion in managed assets, comprising 35% equity, 35% fixed-income, 10% multi-asset/balanced funds, 16% alternatives, and 4% money market funds.
Franklin Templeton is renowned for its diverse portfolio and global reach, with more than a third of its assets under management (AUM) invested in international strategies. Furthermore, approximately 30% of managed assets are sourced from clients outside the United States. The company's client base is balanced between retail investors at 52% and institutional accounts at 46%, with high-net-worth individuals accounting for the remainder.
Recently, the company's subsidiary, ClearBridge Investments, released its seventh annual Stewardship Report, highlighting its commitment to environmental, social, and governance (ESG) factors. With $188 billion in assets under management, ClearBridge actively integrates ESG considerations into its investment process, promoting sustainable practices and responsible investing. In 2023, ClearBridge earned top scores in the U.N.-supported Principles for Responsible Investment (PRI) reporting assessment and joined the Interfaith Center on Corporate Responsibility's Living Wage Statement, advocating for fair wages in line with international human rights standards.
Franklin Templeton's dedication to ESG is further exemplified through ClearBridge's active ownership and engagement strategies. In 2023, ClearBridge voted on over 15,000 shareholder proposals and engaged with more than 1,000 companies to drive positive change. The firm's commitment to diversity and inclusion is also noteworthy, with strong representation of women and people of color among its staff and investment teams.
Franklin Templeton continues to advance the U.N. Sustainable Development Goals (SDGs) through various philanthropic efforts. ClearBridge's partnership with WaterAid since 2013 has improved clean water accessibility in Timor-Leste, directly supporting SDG 6: Clean Water and Sanitation.
With a mission to help clients achieve better outcomes through specialized investment management and wealth management solutions, Franklin Templeton operates with a global presence in over 150 countries. The company leverages its extensive capabilities in fixed income, equity, alternatives, and multi-asset solutions to serve a diverse clientele, bolstered by a team of over 1,500 investment professionals stationed in major financial markets worldwide.
Legg Mason Partners Fund Advisor, LLC has announced the monthly distributions for its closed-end funds under the managed distribution policy for October and November 2021. The Western Asset Inflation-Linked Opportunities & Income Fund (WIW) will distribute
Franklin Limited Duration Income Trust (FTF) announced a distribution of $0.0770 per common share, payable on October 15, 2021, for shareholders of record on September 30, 2021. The Fund has adopted a managed distribution plan, intending to provide a 10% annual fixed rate based on the prior month's average net asset value (NAV). However, distributions may include returns of capital or long-term capital gains if investment income is insufficient. The Board may amend or terminate the plan without prior notice, and it could adversely affect the market price of the Fund's shares.
Franklin Universal Trust (NYSE: FT) has announced a distribution of $0.0425 per share, payable on October 15, 2021, to shareholders of record as of September 30, 2021. The ex-dividend date is set for September 29, 2021. Distributions may change based on the Fund’s net investment income, and past distributions do not predict future results. Franklin Resources, Inc. (NYSE: BEN) manages over $1.5 trillion in assets, providing investment management solutions worldwide.
Franklin Limited Duration Income Trust (FTF) has declared a dividend of $0.0776 per common share, payable on September 15, 2021, to shareholders of record as of August 31, 2021. The dividend consists of an estimated $0.0420 per share in net investment income and $0.0356 per share as return of principal. The Fund follows a managed distribution plan aiming for a minimum annual distribution rate of 10% based on average monthly net asset value. Shareholders will be notified of the source of income for each dividend, with tax treatment varying for different distributions.
Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of
Templeton Global Income Fund (NYSE: GIM) has announced a monthly distribution of
The Fund operates under a managed distribution plan guaranteeing a minimum distribution rate of 7.5% per annum, calculated from its average monthly net asset value (NAV). Returns may include capital gains or return of capital, depending on available distributable income.
Franklin Resources, Inc. (NYSE:BEN) announced a quarterly cash dividend of $0.28 per share, payable on October 15, 2021, to stockholders of record as of September 30, 2021. This dividend matches the previous quarter's payment and marks a 4% increase from the same quarter last year. The company, based in California, boasts over $1.5 trillion in assets under management and serves clients in over 165 countries with comprehensive investment solutions.
Fiduciary Trust International, a subsidiary of Franklin Templeton, has welcomed Taylor Custis as trust counsel and senior relationship manager based in Atlanta, GA. With nearly 20 years of experience, Custis specializes in wealth planning for ultra-high-net-worth families. Her previous role was at Wells Fargo’s Abbot Downing, where she served as a senior wealth strategist. The firm manages over $99 billion in assets and emphasizes strategic wealth planning and estate services to meet evolving client needs.
Franklin Limited Duration Income Trust (FTF) announced a monthly distribution of $0.0776 per common share, payable on September 15, 2021, for shareholders of record on August 31, 2021. The Fund's managed distribution plan aims for a minimum annual distribution rate of 10% based on average monthly net asset value (NAV). Distributions may include capital gains or return of capital if sufficient investment income is not available. The Fund's Board can amend or terminate this plan without prior notice, which may affect market prices.
FAQ
What is the current stock price of Franklin Resources (BEN)?
What is the market cap of Franklin Resources (BEN)?
What is Franklin Resources, Inc.?
How many assets does Franklin Templeton manage?
What types of clients does Franklin Templeton serve?
What is the focus of ClearBridge Investments?
How does Franklin Templeton contribute to ESG initiatives?
What are some recent achievements of ClearBridge Investments?
Where does Franklin Templeton operate?
How does Franklin Templeton ensure diversity and inclusion?
What is the mission of Franklin Templeton?
How does Franklin Templeton support the U.N. Sustainable Development Goals (SDGs)?
