Franklin Resources Inc Stock Price, News & Analysis

Franklin Universal Trust (NYSE: FT) declared a total distribution of $0.0817 per share, consisting of $0.0425 in net investment income and $0.0392 in short-term capital gains, payable on January 14, 2022. The record date for shareholders is December 31, 2021, with an ex-dividend date of December 30, 2021. The Fund aims to provide high current income while preserving capital, and past distribution performance does not guarantee future results. Shareholders will receive a Form 1099-DIV for tax reporting purposes based on the Fund's fiscal year performance.

Franklin Templeton plans to convert two mutual funds—the BrandywineGLOBAL Dynamic US Large Cap Value Fund and the Martin Currie International Sustainable Equity Fund—into ETFs, aiming to expand its suite of actively managed ETFs to 24. These conversions, pending shareholder approval, are expected in Q3 or Q4 2022. The funds have a track record of strong performance, with Brandywine having over $227 million and Martin Currie over $26 million in net assets as of November 30, 2021. The initiative aligns with the growing demand for active ETFs, which have seen a 63% AUM growth rate over three years.

Franklin Resources, Inc. (BEN) has declared a quarterly cash dividend of $0.29 per share, payable on January 14, 2022, to stockholders on record as of December 31, 2021. This dividend marks an approximate 4% increase compared to the previous quarter and the same quarter last year. The company has consistently raised its dividend annually since 1981. As of November 30, 2021, Franklin Resources had over $1.5 trillion in assets under management and extensive global investment experience.

Franklin Limited Duration Income Trust (FTF) has announced the estimated sources of its upcoming distribution set for December 15, 2021. The monthly distribution is $0.0763 per share, comprising $0.0428 (56%) from net investment income, $0.0010 (1%) from short-term capital gains, and $0.0325 (43%) as a return of capital. Cumulative allocations for fiscal year-to-date, ending October 31, 2021, amount to $0.7808 per share. Shareholders should note that a portion of these distributions may represent a return of capital.

Franklin Universal Trust (NYSE: FT) announced estimated sources of distributions for the fiscal year ending August 31, 2022. The distribution of $0.0425 per share on December 15, 2021, comprises 94% net investment income and 6% net short-term capital gains. Year-to-date cumulative distributions amount to $0.0850 per share, with 97% attributed to net investment income. The Fund emphasizes that past distribution amounts do not predict future performance, urging caution among shareholders. Financial highlights include a 7.52% average annual total return over five years and a distribution rate of 5.83% as of October 31, 2021.

On November 30, 2021, Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of $1,546.8 billion, a decrease from $1,561.7 billion at the end of October 2021. The drop in AUM was primarily due to negative market conditions, offset by long-term net inflows of $7.4 billion, largely attributed to new client accounts from the Investment Grade Credit team. Despite a $3.6 billion multi-asset institutional redemption, overall long-term net flows remained positive.

Templeton Emerging Markets Income Fund (NYSE: TEI) has announced a monthly distribution of $0.0663 per share, payable on December 31, 2021. Shareholders of record on December 15, 2021 will receive this payment, with an ex-dividend date of December 14, 2021. The Fund aims to provide a managed distribution plan with a fixed annual rate of 10% based on the average monthly net asset value (NAV). However, there are no guarantees regarding the success of the Plan, and the Board can amend or terminate it at any time.

Templeton Emerging Markets Fund (NYSE: EMF) has announced a total distribution of $1.1097 per share. This distribution includes $0.4051 in net investment income, $0.3483 in short-term capital gains, and $0.3563 in long-term capital gains. Shareholders will receive this distribution on December 31, 2021, if they are on record by December 15, 2021, with an ex-dividend date set for December 14, 2021.