Franklin Resources Keeps Dividend Steady

Global investment management firm Franklin Resourcesannounced today its third-quarter dividend of $0.10 per share, the same rate it's paid for the past three quarters, after raising the payout 11% for the same quarter last year. Franklin also split its shares 3-for-1 in July.

The board of directors said the quarterly dividend is payable on Oct. 11 to the holders of record at the close of business on Sept. 30. The regular dividend payment equates to a $0.40-per-share annual dividend, yielding 0.8% based on the closing price today of Franklin Resources' stock.

BEN Dividend Chart


BEN Dividend data by YCharts
The chart reflects payment of special dividends over time

The article Franklin Resources Keeps Dividend Steady originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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