Company: Franklin Resources Inc. (BEN)
*DRIP Club Members are able to acquire or list a share of a company on the DRIP Exchange Page.
Company Profile: Franklin Resources provides investment services for individual and institutional investors. At the end of April 2024, Franklin had $1.602 trillion in managed assets, composed primarily of equity (35%), fixed-income (35%), multi-asset/balanced (10%) funds, alternatives (16%) and money market funds (4%). Distribution tends to be weighted equally between retail investors (52% of AUM) and institutional accounts (46%), with high-net-worth clients accounting for the remainder. Franklin is one of the more global of the US-based asset managers we cover, with more than a third of its assets under management invested in global/international strategies and 30% of managed assets sourced from clients domiciled outside the United States. -Morningstar.com-
Symbol: BEN
Recent Price: $21.74
Dividends: $1.24
Yield: 5.70%
Sector: Financial Services
Industry: Asset Management
Address & Company Phone #: 1 Franklin Pkwy. San Mateo CA 94403, 650-312-2000
Transfer Agent: Computershare 866-229-6632
Moody’s Rating: A2
Minimum & Maximum Investment: $50 – $120,000/year
Investment Dates: Weekly
Shares to Qualify: 1 Share or $500
Fees: Div.: $0 Cash: $5+10¢/sh. Cert: $0 Sells: by Mail or Fax for 5¢/sh.
52 Week High & Low: $30.32, $21.57