Welcome to our dedicated page for Franklin Templeton news (Ticker: BEN), a resource for investors and traders seeking the latest updates and insights on Franklin Templeton 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.
Fiduciary Trust International has appointed Miles Powell as the new regional managing director and senior relationship manager in Washington, DC. His extensive experience includes over a decade at Wells Fargo Private Bank, focusing on investment and fiduciary services. President Lawrence Sternkopf emphasized the firm's commitment to enhancing their talent pool in a growing market populated by high-net-worth individuals. Powell aims to leverage his expertise to deliver customized wealth management strategies across generations, reinforcing Fiduciary Trust's longstanding reputation in the industry.
Templeton Emerging Markets Income Fund (NYSE: TEI) has declared a monthly distribution of $0.0466 per share, to be paid on January 29, 2021. Shareholders of record as of January 15, 2021 will be eligible, with the ex-dividend date set for January 14, 2021. This distribution reflects the fund's ongoing commitment to returning value to its shareholders from net investment income.
Templeton Global Income Fund (GIM) announced a monthly distribution of $0.0161 per share from net investment income. This distribution will be payable on January 29, 2021, to shareholders recorded as of January 15, 2021, with an ex-dividend date of January 14, 2021.
Franklin Resources, Inc. (BEN), the parent company, oversees global investment management practices, managing approximately $1.5 trillion in assets.
Franklin Limited Duration Income Trust (FTF) announced a monthly distribution of $0.0776 per common share, payable on January 15, 2020, to shareholders on record as of December 31, 2020. The Fund has adopted a managed distribution plan, ensuring a 10% annual minimum fixed rate based on previous month's average net asset value. However, if sufficient investment income isn't available, distributions may include long-term capital gains or a return of capital, which could affect total assets and expense ratios. Changes to the plan could impact market pricing.
Franklin Universal Trust (NYSE: FT) announced a distribution of $0.0320 per share, payable on January 15, 2020, to shareholders of record on December 31, 2020. The ex-dividend date is set for December 30, 2020. Distributions may vary based on net investment income, and past distributions do not predict future trends. Risks associated with investments include possible loss of principal, bond price fluctuations in relation to interest rates, and the potential for default in lower-rated bonds. Franklin Resources, Inc. (NYSE: BEN) manages over $1.5 trillion in assets.
Franklin Resources, Inc. (NYSE: BEN) has declared a quarterly cash dividend of $0.28 per share, payable on January 15, 2021, to shareholders of record as of the close of business on December 31, 2020. This marks a 4% increase compared to dividends from the previous quarter and the same period last year. The company has a strong track record, having increased its dividend annually since 1981. With approximately $1.5 trillion in assets under management, Franklin Templeton continues to serve clients globally through its investment management expertise.
Franklin Templeton's subsidiary, Fiduciary Trust International, has appointed Darlene Marchesani as director of Delaware trust administration. With over 25 years of expertise in tax and fiduciary law, she will enhance the firm's trust and estate services. Marchesani aims to guide high-net-worth clients through complex financial landscapes. The firm manages over $86 billion in assets and continues expanding its offerings to protect clients' wealth. This strategic move comes as the firm remains committed to client collaboration and long-term financial security.
The Franklin Limited Duration Income Trust (NYSE:FTF) has declared a dividend of $0.0770 per common share, payable on December 15, 2020, to shareholders of record as of November 30, 2020. The dividend consists of $0.0334 in net investment income and $0.0436 in return of principal. FTF operates under a managed distribution plan with an annual minimum fixed rate of 10%, linked to the average net asset value (NAV). This plan aims to provide stable monthly distributions, although there is no guarantee of success.
Franklin Templeton has launched Tango, a turnkey robo-advisor developed in partnership with Bambu and Apex Clearing, designed to enhance personalized wealth management. Tango features the proprietary Goals Optimization Engine (GOE™), which provides tailored portfolio management based on individual client goals. This digital platform aims to offer a seamless experience, allowing advisors to focus on client relationships without the burden of extensive back-office tasks. Tango can be implemented cost-effectively in 8-10 weeks, enhancing Franklin Templeton's position in the digital wealth management space.
Franklin Resources, Inc. (NYSE: BEN) reported preliminary assets under management (AUM) totaling $1,466.7 billion as of November 30, 2020, reflecting an increase from $1,391.6 billion at the end of October 2020. This rise in AUM is attributed to growth across various asset classes, including fixed income and equity. The company continues to leverage its extensive investment management expertise to serve clients worldwide, aiming to enhance client outcomes through a diverse range of investment solutions.