Franklin Resources, Inc. (NYSE:BEN) Declares $0.33 Quarterly Dividend

Franklin Resources, Inc. (NYSE:BEN) announced a quarterly dividend on Wednesday, May 20th. Investors of record on Monday, June 29th will be paid a dividend of 0.33 per share by the closed-end fund on Friday, July 10th. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Monday, June 29th.

Franklin Resources has increased its dividend payment by an average of 0.0%annually over the last three years and has increased 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. Research analysts expect Franklin Resources to earn $2.94 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 44.9%.

Franklin Resources Price Performance

Shares of NYSE BEN opened at $31.22 on Thursday. Franklin Resources has a fifty-two week low of $21.06 and a fifty-two week high of $32.44. The business has a 50 day moving average price of $26.73 and a two-hundred day moving average price of $25.44. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 1.10. The firm has a market cap of $16.22 billion, a PE ratio of 23.83, a price-to-earnings-growth ratio of 0.89 and a beta of 1.56.

Franklin Resources (NYSE:BEN) last issued its quarterly earnings data on Tuesday, April 28th. The closed-end fund reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.16. Franklin Resources had a return on equity of 10.58% and a net margin of 8.12%.The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same quarter last year, the firm earned $0.47 EPS. Franklin Resources’s quarterly revenue was up 8.7% on a year-over-year basis. Sell-side analysts expect that Franklin Resources will post 2.71 earnings per share for the current fiscal 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.