Franklin Resources, Inc. (BEN) to Issue Quarterly Dividend of $0.33 on April 10th

Franklin Resources, Inc. (NYSE:BEN) declared a quarterly dividend on Tuesday, February 3rd. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.33 per share by the closed-end fund on Friday, April 10th. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date is Tuesday, March 31st.

Franklin Resources has increased its dividend payment 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 dividend payout ratio of 58.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Franklin Resources to earn $2.42 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 54.5%.

Franklin Resources Stock Performance

Shares of NYSE:BEN opened at $22.76 on Friday. Franklin Resources has a twelve month low of $16.25 and a twelve month high of $28.32. The firm has a market cap of $11.85 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 0.72 and a beta of 1.46. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.86 and a current ratio of 1.86. The business has a fifty day moving average of $25.95 and a 200-day moving average of $24.31.

Franklin Resources (NYSE:BEN) last issued its quarterly earnings results on Friday, January 30th. The closed-end fund reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.15. Franklin Resources had a net margin of 6.97% and a return on equity of 9.58%. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the prior year, the company earned $0.59 EPS. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. On average, equities research analysts predict that Franklin Resources will post 2.16 EPS for the current fiscal 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.