These three reliable dividend payers have historically high yields thanks to deep price declines.To be fair, it doesn't take a lot to offer a higher yield than the 1.3% investors are collecting today from the S&P 500 index. And yet investors looking for down-and-out stocks with high yields will still like what Realty Income (O 0.70%), Franklin Resources (BEN -1.66%), and Hormel Foods (HRL 0.68%) have to offer. But the story behind each stock is much bigger than just an attractive dividend yield.1. Realty In ...

Franklin Resources, Inc. (BEN) reported its preliminary assets under management (AUM) of $1.60 trillion as of Apr 30, 2024. This reflected a decrease of 2.5% from the prior month’s level.The decline in AUM balance was primarily due to the impact of negative markets and long-term net outflows, including $5.9 billion related to the $25 billion AUM received from the Great-West Lifeco acquistion.BEN recorded equity assets of $564.4 billion, which declined 4.8% from the previous month. Further, fixed income AUM ...

Franklin Resources Inc.’s (BEN) second-quarter fiscal 2024 (ended Mar 31, 2023) adjusted earnings of 56 cents per share missed the Zacks Consensus Estimate of 57 cents. The bottom line declined 8% year over year.BEN’s results have benefited from a rise in revenues and an improvement in the assets under management (AUM) balance. Also, the company’s balance sheet position remained robust in the quarter. However, higher expenses were headwinds.   Adjusted operating income was $419.6 million compared with the p ...

For the quarter ended March 2024, Franklin Resources (BEN) reported revenue of $2.15 billion, up 11.7% over the same period last year. EPS came in at $0.56, compared to $0.61 in the year-ago quarter.The reported revenue represents a surprise of +3.04% over the Zacks Consensus Estimate of $2.09 billion. With the consensus EPS estimate being $0.57, the EPS surprise was -1.75%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

Franklin Resources (BEN) came out with quarterly earnings of $0.56 per share, missing the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.61 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.75%. A quarter ago, it was expected that this investment manager would post earnings of $0.57 per share when it actually produced earnings of $0.65, delivering a surprise of 14.04%.Over the last four quarters, ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Delaware 13-2670991 (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-09318 FRANKLIN RESOURCES, INC. (Exact name of registrant as specified in its charter) (St ...

EXHIBIT 99.1 Contact: Franklin Resources, Inc. Investor Relations: Selene Oh (650) 312-4091, selene.oh@franklintempleton.com Media Relations: Jeaneen Terrio (212) 632-4005, jeaneen.terrio@franklintempleton.com investors.franklinresources.com FOR IMMEDIATE RELEASE Franklin Resources, Inc. Announces Second Quarter Results San Mateo, CA, April 29, 2024 – Franklin Resources, Inc. (the "Company") [NYSE: BEN] today announced net income of $124.2 million or $0.23 per diluted share for the quarter ended March 31, 2 ...

Investors are always looking for stocks that are poised to beat at earnings season and Franklin Resources Inc (BEN) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Franklin Resourcesis seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a p ...

Core Viewpoint - Franklin Resources, Inc. is recognized for its strong dividend yield of 4.88% and has a long-standing reputation for prudent investment practices, appealing to passive income investors [12]. Company Overview - Franklin Resources, Inc. operates as a holding company for the Franklin Templeton family of mutual funds, offering over 450 funds that cover a wide range of investment opportunities [1][4]. - Founded in 1947 by Rubert Johnson, the company emphasizes the principles of "frugality and prudence" inspired by Benjamin Franklin [4]. Growth and Expansion - The company has experienced significant growth, managing $2.5 million in 1957 and expanding to over $40 billion AUM by 1989 through acquisitions and strategic moves [6]. - Recent acquisitions, including Legg Mason, have increased Franklin's AUM to $1.6 trillion as of March 2024, positioning the firm in private investing and alternative markets [8]. Financial Performance - Analysts have noted a focus on growth that has impacted profit margins negatively in recent quarters, yet some view the current stock price pullback as a buying opportunity [10]. - The consensus price target among 12 Wall Street analysts is $27.71, indicating a potential upside of 10% from the current market price [10]. Dividend History - Franklin Resources has maintained a consistent dividend payout since 1995, reinforcing its commitment to shareholder returns and its investment philosophy [12].

The upcoming report from Franklin Resources (BEN) is expected to reveal quarterly earnings of $0.57 per share, indicating a decline of 6.6% compared to the year-ago period. Analysts forecast revenues of $2.07 billion, representing an increase of 7.5% year over year.The consensus EPS estimate for the quarter has been revised 2.5% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prio ...