The goal of dividend investing is not to just collect a dividend but to invest in companies that continue to grow their dividend. As a company grows so to will it’s dividend. Over a long period of time the rates of increase will fluctuate as the company forecasts it’s future expenditures. You can have periods of double digit growth or saddled with a token 1 cent raise to remain a Dividend Aristocrat. In the end a raise is always better than a dreaded dividend cut.
Franklin Resources ticker symbol BEN , better known as Franklin Templeton is a global investment firm based out of the US. They cater to individual, professional and institutional investors with 1.3 Trillion Assets under Management with a catalog that contains over 400 mutual funds.
On December 13th Franklin Resources announced a dividend increase of 3.45% raising it’s quarterly payout to 30 cents. This marks the 25th year of a dividend increase to go along with 41 years of consecutive dividend payouts. They currently have a 4.43% yield and a 5 year CAGR of 7.71% along with a low payout ratio under 32%
The new dividend rate will payout on 1/13/23 with an ex-date of 12/30/22.