Franklin Resources, Inc. (NYSE:BEN) will begin trading ex-dividend on September 29, 2020. The quarterly dividend payment of $ 0.27 per share is scheduled to be paid on October 15, 2020. The dividend yield based on the latest trading day closing price was 5.50 %. Owners of shares, purchased before the ex-dividend date will be eligible for the dividend.
Dividends History
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Franklin Resources, Inc. recently reported third quarter financial results on July 28, 2020, before market open, financial products and services provider outlined income for the third quarter of $ 0.70 per share, from the revenue of $ 1,188.00 million. The quarterly earnings extended 45.83 percent while revenues reduced 19.55 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.55 per share from $ 1239.64 million in revenue. The bottom line results beat street analysts by $ 0.15 or 27.27 percent, at the same time, top line results fell short of analysts by $ 51.64 million or 4.17 percent.
Stock Performance
Shares of Franklin Resources, Inc. traded up $ 0.37 or 1.92 percent on Friday, reaching $ 19.64 with volume of 2.67 million shares. Franklin Resources, Inc. has traded high as $ 19.74 and has cracked $ 19.15 on the downward trend
According to the previous trading day, closing price of $ 19.64, representing a 29.24 % increase from the 52 week low of $ 14.91 and a 34.16 % decrease over the 52 week high of $ 29.27.
The company has a market capital of $ 9.73 billion and is part of the Financial Services sector and Asset Management industry.
Franklin Resources, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships.
