Polliesdividend

Recent buy – Franklin Resources – October 2018

A new buy for my Vrijheid Fonds.

Last week I made my fifth buy in 2018 for my Vrijheid Fonds.

In the summer I did my analysis of Franklin Resources (BEN) and after the dip in the market last week, I decided to pull my buy-trigger. If you haven’t read my analysis, please take a look at this post about Franklin Resources Inc. (BEN) Stock Analysis Pollie Style – 2018.

 

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Purchase

This week I bought 56 shares of BEN at $29.17 per share (incl. fees).

With this buy I don’t add any dividends for this year.

The 56 additional shares will add approx. $44 (after taxes) in dividend income to my forward income.  Now I own 106 shares of the company and my position produces € 72 ($83) after taxes in dividend income annually.

The projected dividend income for 2018 for my Vrijheid Fonds is €3,472.

Again a small step in my journey. And one-step closer to my goal.
Has anyone else invested in this company recently? Any feedback is greatly appreciated!

Cheers,

Pollie

 

Disclaimer: I’m not a registered investment adviser, investment professional, brokerage firm or investment company. Readers are advised that information on the website is issued solely for information purposes and not to be construed as an offer or recommendation to buy, hold, or sell any securities. All information, opinions, and analyses included are based on sources believed to be reliable, but no representation or warranty is made concerning accuracy, correctness, timeliness, or appropriateness. Please consult with an investment professional before investing any of your money.

 

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5 thoughts on “Recent buy – Franklin Resources – October 2018

  1. Mr. Robot

    I’ve been eying them myself but even with the dip below $30 I didn’t pull the trigger. I’m too worried about their long term game plan. With the world becoming more automated and the passive index funds on the rise what room is there for BEN?

    1. Pollie Post author

      I think there will be room for BEN. But it won’t be easy, they have to reinvent themselves. But with the low payout ratio they can hopefully weather the storm.

  2. DivvyDad

    I own them too and have been tempted to add to my position as they’ve dipped under $30/share, however as Mr. Robot noted I would like to see more about how they are going to withstand their decreasing AUM. Their earnings growth has been decreasing, but they do have a fairly low payout ratio to hopefully weather the storm.

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