Franklin Resources, Inc. (BEN) to Issue Quarterly Dividend of $0.33 on October 9th

Franklin Resources, Inc. (NYSE:BEN) announced a quarterly dividend on Tuesday, August 25th. Shareholders of record on Wednesday, September 30th will be paid a dividend of 0.33 per share by the closed-end fund on Friday, October 9th. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, September 30th.

Franklin Resources has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 45 years. Franklin Resources has a payout ratio of 58.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Franklin Resources to earn $3.18 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 41.5%.

Franklin Resources Trading Up 0.1%

Shares of BEN stock opened at $35.06 on Thursday. Franklin Resources has a 12 month low of $21.10 and a 12 month high of $36.28. The company has a market cap of $17.81 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 0.70 and a beta of 1.55. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.22. The business’s 50 day moving average is $33.63 and its two-hundred day moving average is $29.90.

Franklin Resources (NYSE:BEN) last issued its quarterly earnings data on Friday, July 31st. The closed-end fund reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.06. The business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Franklin Resources had a net margin of 8.72% and a return on equity of 11.55%. Franklin Resources’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 earnings per share. Equities analysts predict that Franklin Resources will post 2.88 EPS for the current year.

Franklin Resources Company Profile

Franklin Resources, Inc, doing business as Franklin Templeton, is a global investment management organization that offers a wide range of asset management solutions to institutional and individual investors. The firm’s core focus is on delivering active portfolio management across equities, fixed income, multi-asset strategies and alternative investments. Franklin Templeton’s product lineup includes mutual funds, exchange-traded funds (ETFs), closed-end funds, separately managed accounts and sub-advisory services designed to meet varying risk-return objectives and income needs.

Founded in 1947 by Rupert H.