Franklin Resources As of October 10, 2023 ticker dps (an.) 2024 hike 2023 hike 2022 hike
BEN $1.20 0.0% 3.4% 3.6%
Business yield Hike yrs 5 yr CAGR freq. paid since
Investment Management 5.0% 42 5.5% Quarter 1981

Dividend Aristocrat Franklin Resources (BEN) will raise its quarterly dividend by 13.0 percent to $0.26 per share in the fourth quarter of 2018.

The increased dividend is payable on January 11, 2019 to stockholders of record holding shares of common stock at the close of business on December 31, 2018. A new annualized dividend rate of $1.04 per share yields 3.3% at a stock price of $31.54.

Franklin Resources, Inc. is an investment management organization operating as Franklin Templeton Investments. The company provides investment management and related services to retail, institutional and high net-worth clients in jurisdictions worldwide through its investment products. The company offers its investment products and services under the Franklin, Templeton, Franklin Mutual Series, Franklin Bissett, Fiduciary Trust, Darby, Balanced Equity Management, K2,  LibertyShares and Edinburgh Partners brand names. The company has raised its dividend every year since 1981.