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.
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Franklin Resources announces 30M share repurchase program The company's board authorized the company to purchase, from time to time, up to an aggregate of 30M shares of its common stock in either open market or off-market transactions. The stock repurchase program is not subject to an expiration date. The new board authorization is in addition to the existing authorization, of which approximately 9.7M shares remained available for repurchase at November 30. The company repurchased an aggregate of 12.1M shares, on a split-adjusted basis, during the period October 1, 2012 to November 30. Shares repurchased under the program are retired.