This week Franklin Resources Inc. (BEN) announced an 11.1% increase in its quarterly dividend. The dividend is raised from $0.18 to $0.20. The dividend pay date is January 13, 2017 to shareholders of record on December 30, 2016 (ex dividend December 28, 2016). The company has raised its dividend every year since 1981.
The new dividend amount represents an annualized dividend amount of $0.80 per share, up from $0.72. The dividend yield on current price is 2.00 %. My Vrijheid Fonds consist of 50 shares of BEN, my annual dividends will increase by $3.40.
My projected annual total amount (2017) from my shares of BEN will be €32 after taxes.
I love these kinds of increases 😀
DGI at work!