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NEW YORK ( TheStreet) -- The ex-dividend date for Franklin Resources (NYSE: BEN) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $103.28 as of 9:30 a.m. ET, the dividend yield is 1%. The average volume for Franklin has been 982,900 shares per day over the past 30 days. Franklin has a market cap of $22.47 billion and is part of the financial sector and financial services industry. Shares are up 8.7% 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 12, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.