I made a new buy for my Vrijheid Fonds.
Last month I did my analysis on BEN. This week I looked at BEN again. Franklin Resources has had a record of paying consecutively rising dividends for thirty-four years, and is one of the S&P 500 Dividend Aristocrats. I think that Franklin Resources’ dividend is sustainable in the medium-term and its current valuation is very attractive.
On the basis of this information/research I took action.
Purchase
This week I bought 50 shares of BEN at $36.217 per share (incl. fees).
With this buy I added a little bit more than €6 (after taxes) of dividend to my Vrijheid Fonds for this year. The projected dividend income for 2016 for my Vrijheid Fonds is €3,055.
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
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Strong company– Nice buy Pollie. Own TROW and am watching them closely, so we both have an eye on the asset management field. Way to add some strong income to your field.
Bert