SAN MATEO, CA, Dec 08, 2011 (MARKETWIRE via COMTEX) --
Franklin Resources, Inc. (the Company) (NYSE: BEN) announced a
quarterly cash dividend in the amount of $0.27 per share payable on
December 30, 2011 to stockholders of record holding shares of common
stock at the close of business on December 19, 2011. The quarterly
dividend of $0.27 per share represents an 8% increase over the
dividends paid the prior quarter and the same quarter last year. The
Company has raised its dividend every year since 1981.
Additionally, the Company's Board of Directors today also declared a
special cash dividend in the amount of $2.00 per share payable on
December 30, 2011 to stockholders of record holding shares of common
stock at the close of business on December 19, 2011.
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
the payment of dividends and common stock repurchases.
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 $675 billion in assets under management as of
November 30, 2011. For more information, please call 1-800/DIAL
BEN(R) or visit franklintempleton.com.
Contact:
Franklin Resources, Inc.
Corporate Communications:
Matt Walsh
(650) 312-2245
Investor Relations:
Brian Sevilla
(650) 312-4091
franklinresources.com
SOURCE: Franklin Resources, Inc.