secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN RESOURCES INC (BEN)
CIK:        0000038777
Form:       8-K
Filed at:   2023-12-13T23:59:59+00:00
Accession:  0000038777-23-000175
Event type: dividend
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38777/000003877723000175/0000038777-23-000175-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38777/000003877723000175/ben-20231212.htm
  HTML page:      https://secwatch.observer/filing/0000038777-23-000175

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