Franklin Resources Inc Stock Price, News & Analysis

Franklin Universal Trust (NYSE: FT) has announced a distribution of $0.0425 per share, payable on June 15, 2021, for shareholders of record by May 28, 2021. The Ex-Dividend Date is set for May 27, 2021. Distributions may fluctuate based on the Fund's net investment income, with past distributions not guaranteeing future trends. Shareholders are reminded of the risks associated with investments, particularly in bond prices inversely related to interest rate changes.

Franklin Limited Duration Income Trust (NYSE American: FTF) announced a monthly distribution of $0.0783 per common share, payable on June 15, 2021, to shareholders of record on May 28, 2021. The Fund operates under a managed distribution plan with a fixed annual rate of 10% based on the average monthly net asset value. Distributions may include capital gains and/or return of capital if investment income is insufficient. The Board retains the right to amend or terminate the plan, potentially impacting share prices. Franklin Resources, Inc. (NYSE: BEN) oversees approximately $1.5 trillion in assets under management.

The Franklin Limited Duration Income Trust (FTF) has declared a dividend of $0.0783 per common share, payable on May 14, 2021, to shareholders of record as of April 30, 2021.

Of this dividend, $0.0516 per share is net investment income and $0.0267 per share is a return of principal. The Fund has adopted a managed distribution plan, committing to a fixed minimum annual distribution of 10% based on its average monthly net asset value. However, the plan's success to reduce market price discount is not guaranteed.

Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of $1,529.3 billion as of April 30, 2021, a rise from $1,498.9 billion at March 31, 2021. This growth was primarily driven by market performance, with approximately flat long-term net flows. However, net outflows included around $400 million from India credit funds undergoing liquidation. The AUM breakdown shows Fixed Income at $651.1 billion, Equity at $531.2 billion, and long-term assets at $1,468.9 billion.

Franklin Resources, Inc. (NYSE: BEN) reported a strong financial performance for the quarter ending March 31, 2021. Net income surged to $381.8 million or $0.74 per diluted share, marking an 11% increase from the previous quarter. Adjusted net income reached $403.5 million with diluted earnings per share of $0.79, an 8% rise quarter-over-quarter. Operating revenues rose by 4% to $2.08 billion, a significant 58% increase year-over-year. The firm experienced positive net inflows in alternative assets totaling $6.2 billion, doubling the previous quarter. Total assets under management stood at $1.498 trillion.

Templeton Emerging Markets Income Fund (TEI) announced a monthly distribution of $0.0852 per share from net investment income, payable on May 28, 2021. Shareholders of record will be those noted on May 17, 2021, with an Ex-Dividend Date set for May 14, 2021. This distribution reflects the fund's commitment to returning income to its investors. Additionally, Franklin Resources, Inc. (BEN), the fund's management organization, has a significant presence in the investment sector, boasting over $1.5 trillion in assets under management.

Templeton Global Income Fund (GIM) declared a monthly distribution of $0.0368 per share, payable on May 28, 2021, to shareholders recorded on May 17, 2021 (Ex-Dividend Date: May 14, 2021). The Fund operates under a managed distribution plan, targeting a minimum annual rate of 7.5% based on average monthly net asset value (NAV). This plan seeks to provide a consistent distribution, though there are no guarantees of success. Distributions may include capital returns if net income is insufficient, which does not equate to investment performance. Franklin Resources, Inc. (BEN) manages the Fund, focusing on enhancing client investment outcomes.

On May 4, 2021, Franklin Resources, Inc. (NYSE: BEN) will disclose its Q2 2021 operating results at 8:30 a.m. ET, with a commentary available on its investor relations website. A live teleconference, led by key executives including CEO Jenny Johnson, will follow at 10:00 a.m. ET for Q&A. Replay options will be accessible until May 11, 2021. Franklin Templeton, founded over 70 years ago, manages approximately $1.5 trillion in assets across various investment strategies in 165 countries.

Royce Investment Partners announces Boniface "Buzz" Zaino as the new lead for the portfolio management team of the Royce Opportunity Fund. Zaino has a significant history with this strategy, having transitioned to Senior Advisor in October 2018. He is joined by three portfolio managers with extensive experience. This leadership change follows the resignation of four key team members on April 20, 2021. Zaino expressed excitement about current market opportunities in small- and micro-cap stocks, which the strategy has targeted since 1998, focusing on themes such as turnarounds and undervalued growth.