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


As per Franklin Resources, Inc. (NYSE:BEN) statement on 2016-09-07, the shareholders would receive dividend for the gone quarter. The company confirmed that it will disburse $0.18 per share as dividend to stakeholders. The record date is set as 2016-09-30, the payout date as 2016-10-14 and the ex-dividend date is 2016-09-28.

Last fiscal Franklin Resources, Inc. (NYSE:BEN) disbursed cash dividend of $0.18. A year ago, the payout was $0.18, which indicates a difference of 129.1667%. The past track record of five years substantiates that the average payout as given by the firm stands at $0.18, implying -4.2016% growth.

For the period ended on 2015-09-30, Franklin Resources, Inc. (NYSE:BEN)’s earnings came at $0.77 per share compared to EPS of $0.59 a year ago. This quarter the firm can post earnings for quarter ending 2016-09-30 on or around 2016-10-27. For this quarter, the analysts have earnings estimate of $0.68 per share.

The interim price target for Franklin Resources, Inc. (NYSE:BEN) is set at $33.714. This level is the mean price reached by averaging the stock views of 7 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate for Franklin Resources, Inc. (NYSE:BEN) is seen at $38 and the lowest level is established at $28. This broad range highlights a standard deviation of $3.683 in reported estimates.

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