Dividend increase Franklin Resources (BEN) – December 2019
Last week Franklin Resources (BEN) announced a 3.85% increase in its quarterly dividend. The dividend is raised from $0.26 to $0.27. The company has raised its dividend every year since 1981. The dividend pay date is January 10, 2020 to shareholders of record on December 31, 2019 (ex dividend December 30, 2019).
The new dividend amount represents an annualized dividend amount of $1.08 per share, up from $1.04. The dividend yield on current price is 4.18%.
My Vrijheid Fonds consist of 157 shares of Franklin Resources, my annual dividends will increase by €4.97 ($5.34). For 2019 my dividends will, of course, not be affected ;-).
My projected annual total amount from my shares of BEN will be €129 ($144) after taxes.
Okay this increase is lower than last year’s increase, but I love every increase. And seen the development of the AUM, which is decreasing, it was expected.