The ex-dividend date for Franklin Resources (NYSE:BEN) is tomorrow, December 4, 2012. Owners of shares as of market close today will be eligible for a dividend of $3 per share. At a price of $132.65 as of 9:30 a.m., the dividend yield is 0.8%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for Franklin Resources (NYSE: BEN) is tomorrow, December 4, 2012. Owners of shares as of market close today will be eligible for a dividend of $3 per share. At a price of $132.65 as of 9:30 a.m. ET, the dividend yield is 0.8%. The average volume for Franklin has been 612,900 shares per day over the past 30 days. Franklin has a market cap of $28.15 billion and is part of the financial sector and financial services industry. Shares are up 38.1% year to date as of the close of trading on Friday. 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 14.8, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Franklin as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, expanding profit margins, notable return on equity and increase in net income. 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. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.