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Franklin Resources Inc (BEN) provides investment services for individual and institutional investors. At the end of August 2024, Franklin had $1.681 trillion in managed assets, composed primarily of equity (36%), fixed-income (34%), multi-asset/balanced (10%) funds, alternatives (15%) and money market funds (5%).Distribution tends to be weighted equally between retail investors (52% of AUM) and institutional accounts (46%), with high-net-worth clients accounting for the remaining 2%.Franklin is one of the more global of the US-based asset managers, with 30% of its assets under management invested in global/international strategies and just as much sourced from clients domiciled outside the United States.Franklin Resources, Inc. was founded in 1947 and is based in San Mateo, California with additional offices all over the planet.
Three key data points gauge BEN or any dividend paying firm.The key three are:(1) Price(2) Dividends(3) ReturnsThose three keys also best tell whether any company has made, is making, and will make money.
BEN PriceOver the past year, Franklin’s share price fell 17% from $23.99 to $19.90 as of Friday’s market close. In the past 10 years the company’s share price has never been less than $15.30 nor higher than $59.43.If shares trade in the range of $15.00 to $30.00 this next year, the recent $19.90 share price might reach $22.20. Of course, BEN price could also drop about the same $2.30 estimated amount, or more.My $2.30 upside estimate is about the same as the median of 1yr price targets estimated by fourteen analysts tracking BEN for brokers. BEN DividendFranklin has paid mostly quarterly (supplemented by special) dividends since April 1990, The most recent $0.31 Q dividend was declared August 26th, for shareholders of record September 30th, and the dividend is payable October 11th. The forward looking $1.24 annual dividend yields 6.23% at Friday’s closing price. BEN ReturnsPutting it all together, a $3.54 estimated one year gross gain per share shows up by adding Franklin’s $1.24 estimated annual dividend to the estimated price upside of $2.30, making that $3.54 gross gain amount.A little over $1000 buys us 50 shares at their $19.90 Friday price.A $10 broker fee (if charged), paid half at purchase and half at sale, could take about $0.20 per share out of the $3.54 gross-gain to give us a net gain of $3.34 X 50 shares = $167.88 for about a 16.75% estimated net gain for the year.Furthermore, the $62.30 annual dividend income from $1K invested (if paid) is over 3 times more than the $19.90 share price. By these numbers, BEN might be an ideal dividend dog at this time.Thus, you might choose to pounce on BEN. It is a 77 year-old quarterly dividend-paying California-based capital markets company with a 34 year record paying quarterly plus supplemental dividends.The exact track of BEN’s future price and dividend will entirely be determined by market action.Remember the true value of any stock is best realized through personal ownership of shares.More By This Author:Current Report: Sixth Street Specialty Lending Inc.
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