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.
Franklin Resources downgraded at Bernstein As noted earlier, Bernstein downgraded Franklin Resources to Market Perform from Outperform. As reasons for the downgrade, the firm cited slowing fundamental momentum and lack of visibility and catalysts. Target to $60 from $65.