Franklin Resources raises dividend for 35th consecutive year

Dividend Aristocrat Franklin Resources (BEN) will hike its dividend by 20%.

Global investment manager Franklin Resources is one of the 52 Dividend Aristocrats, having raised its dividend for 35 consecutive years now.

Based on Tuesday's closing price of $35.60 Franklin Resources currently has an indicated dividend yield of 2%.

The stock is down 36% in 2015, being one of the worst performing Dividend Aristocrats.

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