Welcome to our dedicated page for Franklin Resources news (Ticker: BEN), a resource for investors and traders seeking the latest updates and insights on Franklin Resources stock.
Franklin Resources, Inc. reports developments for Franklin Templeton, a global investment manager serving individual, institutional and wealth clients across public and private markets. News commonly covers assets under management, net flows, earnings, operating results and asset-class activity across equity, fixed income, alternatives, multi-asset and cash management strategies.
Company updates also include product and platform initiatives such as model portfolios, separately managed account-style solutions and private-market access, as well as developments at subsidiaries including Western Asset Management and Fiduciary Trust International. Other recurring themes include global distribution, wealth management expansion, client group leadership and capital actions tied to the company’s NYSE-listed common stock.
Franklin Templeton released a new insights paper addressing the challenges in the food and agriculture sector due to climate change and geopolitical tensions. The report highlights that food prices have surged over 30% due to the Ukraine war and COVID-19-induced inflation, costing an additional US$42 million monthly for vulnerable populations. Investment opportunities in technologies such as vertical farming and regenerative agriculture are emphasized, potentially generating US$10 trillion by 2030. NYSE:BEN continues to see value in sustainable agricultural practices.
Templeton Global Income Fund (NYSE: GIM) has filed a complaint in the Southern District of New York against Saba Capital Management, alleging undisclosed agreements before its Annual Meeting on June 6, 2022. The complaint claims Saba secretly incentivized a large institutional shareholder's vote in favor of its nominees, violating federal securities laws requiring full disclosure to shareholders. The Fund seeks a new vote, allowing shareholders to make informed decisions based on complete information about Saba's conduct.
Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of $1,445.9 billion as of May 31, 2022, down from $1,455.8 billion at April 30, 2022. The decline was attributed to long-term net outflows, despite a positive impact from market performance. AUM highlights include $559.3 billion in Fixed Income and $462.6 billion in Equity. The company continues to offer diverse investment solutions across asset classes.
Franklin Resources, Inc. (NYSE:BEN) announced a quarterly cash dividend of $0.29 per share, payable on July 15, 2022. This amount matches the previous quarter's dividend and marks an approximate 4% increase compared to the same quarter last year. As of April 30, 2022, the company holds approximately $1.5 trillion in assets under management and boasts over 75 years in investment experience with operations in over 155 countries.
Fiduciary Trust International, part of Franklin Templeton, has announced Julie Strong Karnavas as the new regional managing director for Pennsylvania. Karnavas, previously director of portfolio and relationship management, will also remain active as a senior portfolio manager. The Radnor office has bolstered its team, growing its services since acquiring Pennsylvania Trust Company in May 2020. The firm has seen increased client referrals and assets despite market uncertainties, emphasizing a strong commitment to client relationships.
The Templeton Emerging Markets Income Fund (NYSE: TEI) announced a monthly distribution of $0.0590 per share, payable on June 30, 2022. Shareholders of record as of June 17, 2022 will receive this distribution, following an Ex-Dividend Date of June 16, 2022.
Supported by a managed distribution plan, the Fund aims for an annual minimum fixed rate of 10% based on the average monthly net asset value. However, actual distributions may include returns of capital, which do not reflect performance.
Templeton Global Income Fund (NYSE: GIM) announced a monthly distribution of $0.0352 per share from net investment income, payable on June 30, 2022, for shareholders of record on June 17, 2022 (Ex-Dividend Date: June 16, 2022). The Fund operates a managed distribution plan targeting an annual minimum rate of 8% based on average monthly net asset value (NAV). While the goal is to provide stable distributions, there is no guarantee of success. The Board can amend or terminate this plan without notice, impacting market prices.
Franklin Universal Trust (NYSE: FT) announced a monthly distribution of $0.0425 per share from net investment income, payable on June 30, 2022. Shareholders of record on June 17, 2022 will receive this dividend, with the ex-dividend date set for June 16, 2022. The Fund aims to provide high current income and growth through dividend increases. Distributions may vary and are not indicative of future performance. Actual amounts for tax reporting will depend on the Fund's investment experience and may change according to tax regulations.
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