Franklin Resources Inc Stock Price, News & Analysis

Franklin Universal Trust (NYSE: FT) has announced a distribution of $0.0425 per share, slated for payment on July 15, 2021. Shareholders of record by June 30, 2021 will be eligible, with an ex-dividend date of June 29, 2021. The amount of future distributions may vary based on the trust's net investment income. Investors are advised that past distributions are not indicative of future results and to be aware of the risks associated with investments, including potential loss of principal.

Fiduciary Trust International has appointed Brian D. Conboy as the new director of estate administration and trust counsel. Conboy, who joined the firm in 2016, previously served as managing director, overseeing complex trusts and estates. His leadership aims to enhance the firm’s estate administration services, ensuring the protection and proper transition of clients' estates. With over $94 billion in assets under management, Fiduciary Trust continues to expand its expertise in trust and estate services. Conboy holds a JD from Hofstra University and has a robust background in estate planning.

The Franklin Limited Duration Income Trust (FTF) declared a dividend of $0.0783 per common share, payable on June 15, 2021. This includes $0.0366 per share from net investment income and $0.0417 from return of principal. The Trust's managed distribution plan aims for a fixed annual rate of 10% based on average monthly net asset value (NAV). Distributions may include capital gains or return of capital if investment income is insufficient. The plan is subject to Board review and may be amended or terminated without notice.

Franklin Templeton's Voice of the American Worker Survey reveals that 82% of respondents believe retirement paths are diversifying, with 88% agreeing there is no single way to retire. The survey emphasizes the importance of integrating financial, mental, and physical health, with 74% associating financial wellbeing with overall wellness. Workers favor holistic financial resources, reflecting a demand for programs that guide financial independence. Conducted by The Harris Poll, the survey involved 1,007 employed U.S. adults and aligns with Franklin Templeton's Retirement Innovation Initiative aimed at enhancing retirement strategies.

Franklin Resources, Inc. (NYSE: BEN) reported that its preliminary month-end assets under management (AUM) reached $1,543.5 billion on May 31, 2021, up from $1,529.3 billion on April 30, 2021. The growth in AUM was driven by favorable market conditions and cash management net inflows, although partially offset by long-term net outflows totaling approximately $300 million from India credit funds in liquidation. As of May 31, the remaining AUM in these funds stood at $1.7 billion.

Franklin Resources, Inc. (NYSE: BEN) announced a quarterly cash dividend of $0.28 per share, payable on July 15, 2021, to stockholders of record by June 30, 2021. This dividend reflects a 4% increase compared to the same quarter last year, aligning with the amount paid in the prior quarter. Franklin Resources operates globally, providing investment management services and managing over $1.5 trillion in assets as of April 30, 2021.

Templeton Emerging Markets Income Fund (NYSE: TEI) announced a monthly distribution of $0.0597 per share, payable on June 30, 2021, to shareholders of record by June 15, 2021. The Fund's Board has authorized a managed distribution plan, ensuring a fixed minimum annual distribution rate of 8.5% based on average monthly net asset value. This plan aims to narrow the market price discount to NAV, though success is not guaranteed. Distributions may include long-term capital gains or return of capital if net ordinary income is not sufficient.

Templeton Global Income Fund (NYSE: GIM) announced a monthly distribution of $0.0368 per share from net investment income, payable on June 30, 2021, to shareholders of record on June 15, 2021. The Fund operates under a managed distribution plan with an annual minimum fixed rate of 7.5% based on the average monthly net asset value. Distributions may include long-term capital gains or return of capital if net ordinary income is insufficient. Franklin Resources, Inc. (NYSE: BEN), the Fund's parent company, manages approximately $1.5 trillion in assets globally.