Franklin Resources Inc Stock Price, News & Analysis

Franklin Resources, Inc. (NYSE: BEN) declared a quarterly cash dividend of $0.29 per share, payable on October 14, 2022. This dividend, unchanged from the previous quarter, marks an approximate 4% increase compared to the same quarter last year. The record date for stockholders is September 30, 2022. Franklin Templeton, the operating subsidiary, manages about $1.4 trillion in assets globally, providing investment management across multiple asset classes for clients in over 155 countries.

Fiduciary Trust International, a subsidiary of Franklin Templeton, has appointed Sam Fraenkel as a wealth director in Coral Gables, Florida. With extensive investment experience, Fraenkel aims to enhance client service in a growing South Florida market. His prior roles include head of mergers and acquisitions at REDZONE and head of equity research at Beacon Trust. The firm emphasizes its commitment to personalized wealth management and currently oversees more than $86 billion in assets.

Clarion Partners Real Estate Income Fund has acquired the Rojas East Distribution Center in El Paso, Texas, adding two fully leased warehouse buildings totaling 369,310 square feet. The transaction, facilitated by JLL Capital Markets and Hunt Southwest, positions CPREIF to benefit from El Paso's strong international trade ties, with over $123 billion in cross-border commerce in 2021. The property offers Class A specifications and is strategically located near key logistics routes, enhancing its potential for future growth.

Fiduciary Trust International, a global wealth manager and subsidiary of Franklin Templeton, has appointed Mindy Johnson as managing director and relationship manager for custody services in St. Petersburg, FL. Johnson brings nearly two decades of experience with public pension plans and institutional clients, enhancing the firm's growth in these sectors. The firm manages over $86 billion in assets, emphasizing strategic wealth planning and custody services. Johnson's expertise is expected to strengthen client relationships and service offerings, benefiting public pension plans and family offices.

Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of $1,429.7 billion as of July 31, 2022, up from $1,379.8 billion as of June 30, 2022. The increase was primarily due to market performance, though it was partially countered by long-term net outflows. By asset class, fixed income accounts for $546.9 billion, equity $454.0 billion, alternatives $225.7 billion, and multi-asset $143.8 billion. The company emphasizes investment management expertise and operates globally, with $172 million in remaining AUM from closed India credit funds.

Envestnet's Institute On Campus (EIOC) program achieved a record participation of 882 students in spring 2022, with 25% being first-generation college students. The program has trained over 6,000 students since its inception in 2015, exceeding its initial goal. Franklin Templeton has become a new sponsor, enhancing the curriculum with topics like sustainable investing and providing access to training resources. The EIOC aims to foster industry diversity and prepare participants for careers in wealth management.

Templeton Emerging Markets Income Fund (NYSE: TEI) announced a monthly distribution of $0.0463 per share, payable on August 31, 2022. The distribution will benefit shareholders of record as of August 15, 2022. This is part of a managed distribution plan that aims for an annual fixed rate of 10% based on the Fund’s average net asset value (NAV). The plan may include returns of capital if sufficient income isn't generated. The Board reserves the right to amend or terminate the plan without prior notice.

Templeton Global Income Fund (NYSE: GIM) has announced a monthly distribution of $0.0311 per share from net investment income, scheduled for payment on August 31, 2022, to shareholders of record on August 15, 2022. This payment is part of a managed distribution plan, guaranteeing an annual minimum fixed rate of 8%, based on average monthly net asset value. The plan may involve returns of capital or long-term capital gains if sufficient distributable income is not available. Amendments to the plan can occur without prior notice, potentially affecting share prices.

Franklin Universal Trust (NYSE: FT) has announced a monthly distribution of $0.0425 per share, payable on August 31, 2022, to shareholders of record on August 15, 2022 (Ex-Dividend Date: August 12, 2022). The Fund aims to provide high current income while preserving capital, alongside growth through income and capital appreciation. Distributions may fluctuate based on net investment income, and past distributions do not predict future performance. Shareholders will receive a Form 1099-DIV for tax reporting.