Franklin Resources, Inc. Announces Quarterly Dividend and Addition to Stock Repurchase Program
12 Dezembro 2023 - 7:30PM
Business Wire
Franklin Resources, Inc. (the “Company”) [NYSE:BEN] announced a
quarterly cash dividend in the amount of $0.31 per share payable on
January 12, 2024 to stockholders of record holding shares of common
stock at the close of business on January 3, 2024. The quarterly
dividend of $0.31 per share represents a 3.3% increase over the
dividends paid for the prior quarter and the same quarter last
year. The Company has raised its dividend every year since
1981.
Furthermore, the Company’s Board of Directors has authorized the
Company to repurchase, from time to time, up to an additional 27.2
million shares of its common stock in either open market or private
transactions, for a total of up to 40.0 million shares available
for repurchase. The new share authorization is in addition to the
existing authorization, of which approximately 12.8 million shares
remained available for repurchase at November 30, 2023. The size
and timing of these purchases will depend on price, market and
business conditions and other factors. The stock repurchase program
is not subject to an expiration date. Shares repurchased under the
stock repurchase program are retired.
About Franklin Templeton
Franklin Resources, Inc. [NYSE:BEN] is a global investment
management organization with subsidiaries operating as Franklin
Templeton and serving clients in over 150 countries. Franklin
Templeton’s mission is to help clients achieve better outcomes
through investment management expertise, wealth management and
technology solutions. Through its specialist investment managers,
the Company offers specialization on a global scale, bringing
extensive capabilities in fixed income, equity, alternatives, and
multi-asset solutions. With more than 1,300 investment
professionals, and offices in major financial markets around the
world, the California-based company has over 75 years of investment
experience and over $1.4 trillion in assets under management as of
November 30, 2023. For more information, please visit
franklinresources.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20231212510768/en/
Franklin Resources, Inc. Investor Relations: Selene Oh (650)
312-4091, selene.oh@franklintempleton.com Media Relations: Matt
Walsh (650) 312-2245, matthew.walsh@franklintempleton.com
investors.franklinresources.com
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