Dividend increase by Franklin Resources (BEN)
This week Franklin Resources (BEN) announced a 13% increase in its quarterly dividend. The dividend is raised from $0.23 to $0.26. The company has raised its dividend every year since 1981. The dividend pay date is January 11, 2019 to shareholders of record on December 31, 2018 (ex dividend December 28, 2018).
The new dividend amount represents an annualized dividend amount of $1.04 per share, up from $0.92. The dividend yield on current price is 3.3%.
My Vrijheid Fonds consist of 106 shares of Franklin Resources, my annual dividends will increase by €9.57. For 2018 my dividends will, of course, not be affected ;-).
My projected annual total amount from my shares of BEN will be €82 after taxes.
I love these kinds of increases.