12 Best Stocks to Buy Now for Passive Income

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5. Franklin Resources, Inc. (NYSE:BEN)

Number of Hedge Fund Holders: 40

Franklin Resources, Inc. (NYSE:BEN) oversees a wide range of investments, from equities and fixed income to alternatives, multi-asset strategies, and cash management. Its revenue largely comes from management fees tied to assets under management (AUM), which reached $1.61 trillion in Q3 FY25.

Franklin Resources, Inc. (NYSE:BEN)’s strength lies in its scale, broad product lineup, and global distribution network. It attracts clients through mutual funds, ETFs, separately managed accounts, and alternative strategies. Key drivers of success include sustaining large AUM, keeping products aligned with market shifts, and smoothly integrating acquisitions like Putnam and Apera Asset Management. Given its global reach, strong regulatory oversight, and tight cost control remain crucial.

Franklin Resources, Inc. (NYSE:BEN) is one of the best stocks for passive income with 49 consecutive years of dividend growth. The company pays a quarterly dividend of $0.32 per share and has a dividend yield of 5.28%, as of September 22.

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