Franklin Resources Declares Quarterly Dividend of $0.33 Per Share
Franklin Resources (BEN) has declared a quarterly dividend of $0.33 per share, consistent with its previous payout. The forward yield is currently at 3.77%. The dividend will be payable on October 9 to shareholders of record as of September 30, with the ex-dividend date also set for September 30. The company has recently seen a decline in aggregate assets under management (AUM) due to broader market pullbacks but remains focused on driving upside potential through higher inflows and AUM growth. Franklin Resources is also pricing a $750 million senior notes offering, which may be used for general corporate purposes or debt refinancing.
Tickers: $BEN
Topics: asset management dividends