Franklin Resources, Inc. announced on December 4, 2024, a quarterly cash dividend of $0.32 per share, payable on January 10, 2025, to stockholders of record on December 30, 2024. This represents a 3.2% increase over the dividends paid for the prior quarter and the same quarter last year.
The company has maintained a consistent track record of increasing its dividend annually since 1981, demonstrating a long-standing commitment to returning value to shareholders. This latest increase reinforces that commitment and signals management's confidence in the firm's financial stability and future earnings potential.
The enhanced dividend payout is a positive development for income-focused investors, reflecting the company's ability to generate sufficient cash flow to support a growing dividend despite ongoing market dynamics and internal challenges.
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