Franklin Resources increases dividend 7% to 29c per share Franklin Resources announced a quarterly cash dividend in the amount of 29c per share payable on December 31 to stockholders of record holding shares of common stock at the close of business on December 14. The quarterly dividend share represents a 7% increase over the dividends paid the prior quarter and the same quarter last year.
News For BEN From The Last 14 Days
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Franklin Resources upgraded to Buy from Neutral at UBS UBS assumed coverage on Franklin Resources with a Buy rating from a Neutral rating. The analyst is positive on Franklin's diversified AUM base, global offerings, and equity franchise. Price target raised to $185 from $158.
Franklin Resources added to Select List at Stifel Stifel added Franklin Resources to its Select List after the company's April AUM came in above expectations. The firm thinks the company's positive flow trend is sustainable and it raised its estimates for the company while keeping a Buy rating on the shares.