Franklin Resources (BEN) Declares $3.00 Special Dividend; 7.5% Yield

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Go back to Franklin Resources (BEN) Declares $3.00 Special Dividend; 7.5% Yield

Franklin Resources, Inc. Announces Special Dividend of $3.00 Per Share

February 14, 2018 5:05 PM EST

SAN MATEO, Calif., Feb. 14, 2018 (GLOBE NEWSWIRE) -- Franklin Resources, Inc. (the Company) (NYSE: BEN) announced a special cash dividend in the amount of $3.00 per share, along with a regular quarterly cash dividend in the amount of $0.23 per share.

The recently passed Tax Cuts and Jobs Act significantly increased the Companys financial strength and capital flexibility.

Given our strong balance sheet and projected financial performance, we believe it is appropriate to return capital in the form of a special cash dividend to our stockholders, said Greg Johnson, Chairman and CEO of Franklin... More