SOURCE: Franklin Resources, Inc.

Franklin Resources, Inc.

December 08, 2011 19:33 ET

Franklin Resources, Inc. Announces Quarterly and Special Cash Dividends

SAN MATEO, CA--(Marketwire - Dec 8, 2011) - 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® or visit franklintempleton.com.

Contact Information

  • Contact:
    Franklin Resources, Inc.
    Corporate Communications:
    Matt Walsh
    (650) 312-2245

    Investor Relations:
    Brian Sevilla
    (650) 312-4091
    franklinresources.com