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.
Franklin Templeton announced that Kim Catechis, formerly Head of Investment Strategy at Martin Currie, will assume the role of Investment Strategist at the newly launched Franklin Templeton Investment Institute starting April 1, 2021. Based in Edinburgh, Catechis aims to leverage his extensive 34 years of investment experience to provide insights across Europe, the Middle East, and Africa. The announcement highlights Franklin Templeton's commitment to enhancing client relations through shared investment knowledge and expert insights.
Franklin Universal Trust (NYSE: FT) announced a distribution of $0.0320 per share, payable on March 15, 2021, to shareholders of record as of February 26, 2021 (Ex-Dividend Date: February 25, 2021). The fund's distributions may vary based on net investment income, with past distributions not indicating future trends. Franklin Resources, Inc. (NYSE: BEN) manages this investment trust and offers extensive investment management services globally, with over $1.5 trillion in assets under management as of January 31, 2021.
Franklin Limited Duration Income Trust (FTF) announced a monthly distribution of $0.0790 per common share, payable on March 15, 2021. Shareholders of record as of February 26, 2021 will qualify, with the ex-dividend date set for February 25, 2021. Under a managed distribution plan, the Fund aims to provide a minimum annual rate of 10% based on the average monthly net asset value (NAV). The Board can amend or terminate this plan at any time, potentially affecting share prices. A portion of distributions may include return of capital.
The Franklin Limited Duration Income Trust (NYSE:FTF) has declared a dividend of $0.0786 per common share, payable on February 12, 2021, to shareholders of record as of January 29, 2021. The dividend comprises $0.0564 of net investment income and $0.0222 as a return of principal. The Fund operates under a managed distribution plan, ensuring monthly distributions at a fixed annual minimum rate of 10% based on average monthly net asset value. Shareholders will be notified of income sources for each dividend.
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.