As the day concludes, Franklin Resources BEN is preparing to distribute a dividend payout of $0.31 per share, resulting in an annualized dividend yield of 4.86%. This payout is exclusive to investors who held the stock before the ex-dividend date on January 02, 2024.
Franklin Resources Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-01-02 | 4 | $0.31 | 4.86% | 2023-12-12 | 2024-01-03 | 2024-01-12 |
| 2023-09-28 | 4 | $0.3 | 4.59% | 2023-09-06 | 2023-09-29 | 2023-10-13 |
| 2023-06-29 | 4 | $0.3 | 4.57% | 2023-06-08 | 2023-06-30 | 2023-07-14 |
| 2023-03-30 | 4 | $0.3 | 3.74% | 2023-02-07 | 2023-03-31 | 2023-04-14 |
| 2022-12-29 | 4 | $0.3 | 4.44% | 2022-12-13 | 2022-12-30 | 2023-01-13 |
| 2022-09-29 | 4 | $0.29 | 4.38% | 2022-08-29 | 2022-09-30 | 2022-10-14 |
| 2022-06-29 | 4 | $0.29 | 4.31% | 2022-06-08 | 2022-06-30 | 2022-07-15 |
| 2022-03-30 | 4 | $0.29 | 3.93% | 2022-02-23 | 2022-03-31 | 2022-04-14 |
| 2021-12-30 | 4 | $0.29 | 3.4% | 2021-12-14 | 2021-12-31 | 2022-01-14 |
| 2021-09-29 | 4 | $0.28 | 3.55% | 2021-08-24 | 2021-09-30 | 2021-10-15 |
| 2021-06-29 | 4 | $0.28 | 3.16% | 2021-06-08 | 2021-06-30 | 2021-07-15 |
| 2021-03-30 | 4 | $0.28 | 4.21% | 2021-02-09 | 2021-03-31 | 2021-04-15 |
Franklin Resources's dividend yield falls in the middle range when compared to its industry peers, with FS KKR Capital FSK having the highest annualized dividend yield at 13.65%.
Analyzing Franklin Resources Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
As you can see, from 2020 to 2023, investors saw an average increase in the company's dividend per share, rising from $1.09 in 2020 to $1.21 in 2023. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For Franklin Resources
The earnings chart highlights a decrease in Franklin Resources's earnings per share, declining from $2.62 in 2020 to $2.59 in 2023. This decline in earnings raises a red flag for income-seeking investors, as it suggests a potential decrease in the company's ability to generate cash for dividend payouts. It is essential to closely examine the factors behind this decrease and assess the long-term impact on dividend sustainability.
Recap
This article provides an in-depth analysis of Franklin Resources's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.31 per share, resulting in an annualized dividend yield of 4.86%.
Franklin Resources's dividend yield falls in the middle range when compared to its industry peers, with FS KKR Capital having the highest annualized dividend yield at 13.65%.
Given that Franklin Resources has experienced an increase in dividend per share from 2020 to 2023 along with a decrease in earnings per share, it could indicate that the company is prioritizing dividend distribution to shareholders despite challenges in earnings growth.
Keeping a vigilant eye on the company's performance in the coming quarters will allow investors to stay current with any variations in financials or dividend disbursements.
\To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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