Franklin Resources, Inc. to Issue Quarterly Dividend of $0.33 (NYSE:BEN)

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

Franklin Resources has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 45 consecutive years. Franklin Resources has a payout ratio of 58.4% meaning its dividend is sufficiently covered by earnings. 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 1.3%

NYSE BEN opened at $35.07 on Wednesday. The stock has a market capitalization of $17.82 billion, a P/E ratio of 23.86, a P/E/G ratio of 0.69 and a beta of 1.55. The business has a 50 day simple moving average of $33.59 and a 200 day simple moving average of $29.84. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.48 and a quick ratio of 1.48. Franklin Resources has a one year low of $21.10 and a one year high of $36.28.

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