Franklin Stock To Go Ex-dividend Tomorrow (BEN)

NEW YORK ( TheStreet) -- The ex-dividend date for Franklin Resources (NYSE: BEN) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $125.21 as of 9:30 a.m. ET, the dividend yield is 0.9%.

The average volume for Franklin has been 1.2 million shares per day over the past 30 days. Franklin has a market cap of $22.52 billion and is part of the financial sector and financial services industry. Shares are up 30.3% year to date as of the close of trading on Monday.

Franklin Resources Inc. is a publicly owned asset management holding company. The firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It manages, through its subsidiary, separate client-focused equity, fixed income, and balanced portfolios. The company has a P/E ratio of 14.3, above the average financial services industry P/E ratio of 12 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Franklin as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Franklin Ratings Report.

See our dividend calendar or top-yielding stocks list.
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