How Safe Is Franklin Resources' Dividend?
Franklin Resources (NYSE: BEN) is one of Wall Street's largest asset managers. The company manages investment funds that have more than $742 billion of assets between them, generating a lucrative stream of income from management fees each year.
That treasure trove of client money has made Franklin Resources one of the market's best performing high-yield stocks over its history, affording 36 years of consecutive dividend increases and a spot on the list of so-called Dividend Aristocrats. But though the dividend may be safe, its status as a dividend growth stock is in question.
Franklin Resources should be able to pay out its current dividend for a very long time to come, thanks in no small part to two insulating factors: its cash-rich balance sheet and a low payout ratio.
Source: Fool.com
Franklin Resources Inc. Stock
Based on 8 Buy predictions and 9 Sell predictions the sentiment towards Franklin Resources Inc. is rather balanced.
A potential of -35.59%, resulting from comparing the current price of 29.5 € with the target price of 19 € for Franklin Resources Inc., shows the chance of incurring significant losses.
