San Mateo, CA, December 18, 2009 – Franklin Resources, Inc. [NYSE:BEN] announced a quarterly cash dividend in the amount of $0.22 per share payable on January 8, 2010 to stockholders of record holding shares of common stock at the close of business on December 31, 2009. The quarterly dividend of $0.22 represents a 5% increase over the dividends paid the prior quarter and the same quarter last year. Franklin Resources has raised its dividend every year since 1981.
Additionally, the Company’s Board of Directors today declared a special cash dividend in the amount of $3.00 per share payable on December 31, 2009 to stockholders of record holding shares of common stock at the close of business on December 28, 2009.
These dividends are consistent with the Company’s long-term capital management strategy of continuing to invest in the business, maintaining financial strength and flexibility, and returning a substantial portion of the Company’s earnings to stockholders through common stock repurchases and the payment of dividends.
Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series, Fiduciary Trust, Darby and Bissett investment teams. The San Mateo, CA-based company has more than 60 years of investment experience and over $539 billion in assets under management as of November 30, 2009. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.