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

Franklin Resources, Inc. (NYSE:BEN) declared a quarterly dividend on Tuesday, August 25th. Investors 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) annualized dividend and a yield of 3.8%. The ex-dividend date 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 increased its dividend every year for the last 45 years. Franklin Resources has a dividend 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 Stock Performance

Shares of NYSE BEN opened at $35.07 on Wednesday. The stock has a market cap of $17.82 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 0.69 and a beta of 1.55. Franklin Resources has a 12 month low of $21.10 and a 12 month high of $36.28. The company has a 50 day simple moving average of $33.59 and a two-hundred day simple moving average of $29.84. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 1.22.

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

About Franklin Resources

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.