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.
Templeton Emerging Markets Income Fund [NYSE: TEI] announced a monthly distribution of $0.0633 per share, payable on February 28, 2022 to shareholders on record as of February 17, 2022. The Fund implements a managed distribution plan ensuring a minimum annual rate of 10%, based on average monthly net asset value. Distributions may include long-term capital gains or return of capital if net ordinary income is insufficient. Shareholders should not interpret distribution amounts as indicators of investment performance, as actual reporting will vary based on investment outcomes.
Franklin Universal Trust (NYSE: FT) has announced a monthly distribution of $0.0425 per share, payable on February 28, 2022. Shareholders of record on February 17, 2022 will receive this distribution, with an ex-dividend date set for February 16, 2022. The Trust aims to provide high current income with capital preservation, while also seeking to grow income through dividend increases. Investors should note that past distributions may not predict future payouts.
Summary not available.
Franklin Resources reported net income of $453.2 million or $0.88 per diluted share for Q1 2022, down 32% from $665.7 million or $1.30 per share in Q4 2021. Operating income rose to $557.7 million, a 5% increase from the previous quarter. Adjusted net income was $553.6 million, down 14% from the prior quarter. The firm experienced $24.1 billion in long-term net inflows, pushing total Assets Under Management (AUM) to $1.578 trillion, a 3% increase. Key acquisitions were completed, highlighting strategic growth in alternatives and wealth management.
Templeton Global Income Fund (NYSE: GIM) has announced estimated sources of its monthly distribution scheduled for January 31, 2022. The distribution per share is estimated at $0.0345, with 14% from net investment income and 86% as a return of capital. As of December 31, 2021, GIM's cumulative distribution for the fiscal year is $0.3734, with significant portions being a return of capital, not reflective of investment performance. The managed distribution plan aims to provide a minimum annual distribution rate of 7.5%.
Templeton Emerging Markets Income Fund (NYSE: TEI) announced its estimated sources of distributions for the fiscal year ending December 31, 2021. As of December 31, 2021, the fund plans a distribution of $0.0648 per share, with 63% from net investment income and 37% as a return of capital. For the fiscal year, the cumulative distribution stands at $0.7614 per share, with 74% derived from net investment income. The fund's managed distribution plan aims for a minimum annual distribution rate of 10% based on NAV. However, there is no guarantee of success.
Franklin Universal Trust (NYSE: FT) announced the estimated sources of its upcoming distributions scheduled for January 31, 2022. For December 2021, the distribution is set at $0.0425 per share, primarily from return of capital (97%). For the fiscal year-to-date ending August 31, 2022, the total distribution per share is estimated at $0.2092, with 73% attributed to net investment income. The fund's objectives focus on providing high current income while preserving capital. Shareholders should understand that distributions may include a return of capital.
On January 27, 2022, Ascensus announced a partnership with Franklin Templeton to host its Personal Retirement Path managed account services. This initiative aims to enhance retirement savings for individual investors through personalized portfolio management. The Goals Optimization Engine (GOE™) will enable tailored financial solutions, benefiting from Franklin Templeton's extensive expertise in multi-asset investments. The collaboration reflects Ascensus' commitment to offering diverse retirement options since its managed account services expansion in September 2020.
Summary not available.
Summary not available.