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Barchart
Barchart
Mark R. Hake, CFA

Franklin Resources Stock Might Be a Safe Haven with Its 7.2% Dividend Yield

Franklin Resources (BEN) stock now has an almost 7.20% annual yield, which could make it a haven for investors in this crumbling market. Its average yield has been much lower over the last five years.

BEN is at $17.80 in midday trading on Friday, April 4, down just 0.67% with the market crumbling. Given its annual $1.28 dividend per share (DPS), its present yield is 7.19% (i.e., $1.28/$17.80).

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