Franklin Resources Inc Stock Price, News & Analysis

Franklin Resources, Inc. (NYSE: BEN) declared a quarterly cash dividend of $0.28 per share, payable on April 15, 2021, to shareholders on record as of March 31, 2021. This dividend matches the prior quarter's amount and demonstrates a 4% increase compared to the same quarter last year. Franklin Templeton, a global investment management firm, manages approximately $1.5 trillion in assets across more than 165 countries and has over 70 years of investment experience.

Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) of $1,494.4 billion as of January 31, 2021, reflecting a slight decrease from $1,498.0 billion at December 31, 2020. This decline was attributed to market depreciation and modest long-term net outflows, though partially offset by cash management inflows. The asset breakdown includes Fixed Income at $665.4 billion, Equity at $490.2 billion, Multi-Asset at $139.7 billion, Alternative at $128.9 billion, with long-term AUM totaling $1,424.2 billion.

Franklin Resources reported a net income of $345.3 million ($0.67 per diluted share) for Q4 2020, up from $78.9 million ($0.15) in Q3 2020, but slightly down from $350.5 million ($0.70) in Q4 2019. Operating income surged to $409.1 million, a 295% increase from the prior quarter. Assets Under Management (AUM) reached a record $1.5 trillion, driven by strong market performance despite long-term net outflows of $4.5 billion. The company also launched the Franklin Templeton Investment Institute to enhance research. Adjusted earnings per share were $0.73, up 30% sequentially.

Templeton Global Income Fund (GIM) has declared a monthly distribution of $0.0141 per share, set to be paid on February 26, 2021. Shareholders must be on record by February 16, 2021, with an Ex-Dividend date of February 12, 2021. This distribution reflects the fund's ongoing commitment to providing returns to its investors.

Templeton Emerging Markets Income Fund (TEI) has announced a monthly distribution of $0.0396 per share from net investment income, payable on February 26, 2021. Shareholders of record as of February 16, 2021 will receive this distribution, with an ex-dividend date of February 12, 2021.

Franklin Resources, Inc. (BEN), the parent company of the fund, operates globally in investment management, serving clients across over 165 countries, with a strong focus on enhancing client outcomes.

Franklin Templeton has renamed its Founding Funds Allocation Fund to the Franklin Global Allocation Fund, effective immediately. The fund is transitioning from a static fund-of-fund structure to a direct investment fund, utilizing an actively managed global multi-asset strategy.

Managed by Franklin Templeton Investment Solutions, the redesigned fund aims to enhance investment performance through diversification and dynamic asset allocation. Portfolio management will be led by Ed Perks and a dedicated team, leveraging their expertise for long-term total return.

On February 2, 2021, Franklin Resources, Inc. (NYSE:BEN) will announce its Q1 2021 operating results at 8:30 a.m. Eastern Time. A written commentary will also be available on the company's investor relations website. Following this, a live teleconference will be held at 11:00 a.m. Eastern Time, featuring key executives including President and CEO Jenny Johnson. Investors can access the teleconference via webcast or phone. Franklin Templeton, a global investment management organization, manages approximately $1.5 trillion in assets as of December 31, 2020.

Franklin Universal Trust [NYSE: FT] has announced a distribution of $0.0320 per share, payable on February 12, 2021, to shareholders of record on January 29, 2021. The Ex-Dividend Date is set for January 28, 2021. Distributions may vary based on the Fund’s net investment income, and past distributions are not indicative of future results. Investors are reminded that all investments carry risks, including potential loss of principal, particularly in bonds sensitive to interest rate fluctuations.

Franklin Limited Duration Income Trust (NYSE: FTF) announced a distribution of $0.0786 per common share, payable on February 12, 2021, to shareholders of record as of January 29, 2021. The Fund operates under a managed distribution plan, committing to a minimum annual fixed rate of 10% based on the average monthly net asset value (NAV). If investment income is insufficient, distributions may include long-term capital gains or return of capital. The Board can amend or terminate the plan at any time, potentially affecting the market price of shares.