Franklin Resources, Inc. (NYSE:BEN) Updates On Dividend Release Date


On 2016-06-14, Franklin Resources, Inc. (NYSE:BEN) confirmed the dividend disbursement of $0.18 a share to shareholders as on record 2016-06-30. The firm will release dividend on 2016-07-15 while ex-dividend date is reported to be 2016-06-28.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Franklin Resources, Inc. (NYSE:BEN) paid a total of $0.18 per share in dividends. This figure stood at $0.18 a share in the same period a year ago indicating a deviation of 129.1667%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $33.571 on the stock. This figure is the average of recommendations offered by 7 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $38 and $28, respectively.

Taking the mathematical rating formula, the price for Franklin Resources, Inc. (NYSE:BEN) stands at 3.38. Earnings Review Franklin Resources, Inc. (NYSE:BEN) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-27. For the period ending on 2016-09-30, experts are expecting EPS of $0.67.

Coming to the quarter ending on 2015-09-30, Franklin Resources, Inc. (NYSE:BEN) recorded EPS of $0.77. The reported numbers came lower than the analysts’ estimates of $0.66, demonstrating a miss of $0.11 as against reported figures.

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