Franklin Resources Stock is Value Investors' Favorite: 6.3% Yield and 9x P/E

Franklin Resources (BEN) stock is a favorite of value investors as it has a 6.3% dividend yield and a low 9x forward price-to-earnings (P/E) multiple. Moreover, shorting at-the-money (ATM) put options provides an immediate 4.25% yield.

BEN is at $20.35 in midday trading on Friday, March 7, off its recent high of $22.72 on Nov. 25, and up from $19.40 on Jan. 16. I discussed how cheap BEN stock was in my Jan. 27 article, “Franklin Resources Stock Looks Like a Bargain With Its 6.38% Yield.”