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Stock impact report

Franklin Resources (NYSE:BEN) Has Announced That It Will Be Increasing Its Dividend To $0.33 [Yahoo! Finance]

Franklin Resources, Inc. (BEN) 
Last franklin resources, inc. earnings: 4/30 08:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
3.1% higher than last year's comparable payment amount of $0.32. This will take the dividend yield to an attractive 5.3%, providing a nice boost to shareholder returns. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. We like to see robust dividend yields, but that doesn't matter if the payment isn't sustainable. Prior to this announcement, the company was paying out 140% of what it was earning, however the dividend was quite comfortably covered by free cash flows at a cash payout ratio of only 73%. Generally, we think cash is more important than accounting measures of profit, so with the cash flows easily covering the dividend, we don't think there is much reason to worry. Analysts expect a massive rise in earnings per share in the next year. Assuming the dividend continues along recent trends, we estimate that the pay Show less Read more
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