Special Dividend Franklin Resources (BEN) – 2018

Franklin Resources gave me a nice surprise!

Today, when I logged in at my brokers account, I saw a strange amount in my cash part of my account.  After some research I found that Franklin Resources has paid me a nice amount of dividend. Actually they have paid me twice this month. They have paid me the normal Dividend of $0.23 per share and they have paid me a special dividend of $ 3.00 per share.



So I missed Franklin Resources Special dividend announcement. So for the records/archives 😉

On February 14, 2018 Franklin Resources (BEN) announced a super dividend of $3.00 per share.

The special and regular dividends are payable on April 12, 2018 to stockholders of record holding shares of common stock at the close of business on March 29, 2018.  The quarterly dividend of $0.23 per share is equivalent to the dividend paid for the prior quarter and represents a 15% increase over the quarterly dividend paid for the same quarter last year.


Financial strength

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

Greg Johnson, Chairman and CEO of Franklin Resources, Inc. said:
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. This dividend is consistent with our long-term capital management policies and our commitment to our stockholders. We will continue to prudently invest in our business, actively pursue strategic and accretive acquisitions, buyback our stock when it makes economic sense, and distribute the rewards of those investments to our stockholders over time.”

As part of the capital management plan, today’s announcement of a $3.00 per share special dividend represents almost $1.7 billion based on 551.7 million shares outstanding as of January 23, 2018.  The Company anticipates that remaining capital will be allocated to share repurchases, mergers and acquisitions, and retiring outstanding debt.  In addition, the Company plans to make investments in people, research and development, and technology to enhance the performance of our core business of asset management.  Management will have flexibility to thoughtfully execute the plan, and continue in the firm’s tradition of maximizing shareholder value.


Vrijheid Fonds

My Vrijheid Fondsconsist of 50 shares of Franklin Resources. These share gave me €103.26 ($127.50) in special dividend (after taxes).

My projected annual total amount from my shares of BEN in 2018 will be €134 after taxes.

I love these kinds of surprises and special dividends!



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