Franklin Resources raises quarterly dividend 3.3% to $0.31, authorizes 27.2M share buyback

FRANKLIN RESOURCES INC

Quarterly dividend $0.31/share, up 3.3% from prior quarter and prior year; payable Jan 12, 2024; record Jan 3, 2024.
Board authorized additional 27.2M share repurchase, increasing total authorization to 40M shares (incl. 12.8M remaining).
Dividend increase continues annual increase streak since 1981; buyback program has no expiration date.
Repurchases depend on price, market and business conditions; shares retired upon repurchase.

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