Franklin Resources Inc Stock Price, News & Analysis

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.

Templeton Dragon Fund (NYSE: TDF) announced a total distribution of $1.3014 per share, which includes $0.0033 in short-term capital gains and $1.2981 in long-term capital gains. This distribution is payable on August 31, 2022 to shareholders of record as of August 15, 2022. The Ex-Dividend Date is set for August 12, 2022. Franklin Resources, Inc. (NYSE: BEN), the parent company of Templeton Dragon Fund, reported approximately $1.4 trillion in assets under management as of June 30, 2022.

Templeton Emerging Markets Income Fund (NYSE: TEI) has outlined the sources of its upcoming distribution, scheduled for July 29, 2022. The estimated distribution per share is $0.0526, with $0.0390 (74%) attributed to net investment income. Cumulatively, for the fiscal year-to-date, the total distribution per share stands at $0.3738, comprised of $0.2177 (58%) from net investment income while $0.1561 (42%) represents a return of capital. Shareholders should note that a portion of distributions may be a return of capital and not necessarily reflect performance.