On Tuesday Franklin Resources (BEN) announced a 15% increase in its quarterly dividend.
The dividend is raised from $0.20 to $0.23. The company has raised its dividend every year since 1981. The dividend pay date is January 10, 2018 to shareholders of record on December 26, 2017 (ex dividend December 22, 2017).
The new dividend amount represents an annualized dividend amount of $0.92 per share, up from $0.80. The dividend yield on current price is 2.08%.
My Vrijheid Fonds consist of 50 shares of Franklin Resources, my annual dividends will increase by €4.33. For 2017 my dividends will, of course, not be affected ;-).
My projected annual total amount from my shares of BEN will be €33 after taxes.
This is my second dividend increase for 2018!
I love these kind of increases!