5 Dividend Aristocrats with Payout Ratio Less than 55%

In this article, we will be taking a look at 5 dividend aristocrats with payout ratio less than 55%. To read our detailed analysis of dividend investing, you can go directly to see the 10 Dividend Aristocrats with Payout Ratio Less than 55%.

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

Number of Hedge Fund Holders: 30
Dividend Yield: 3.4%
Number of Years of Consistent Dividend Increases: 41

Payout Ratio: 45.2%

Franklin Resources, Inc. (NYSE: BEN), an American multinational investment firm, launches equity, fixed income, balanced, and multi-asset mutual funds. The company also invests in public equity, fixed income, and alternative markets. It ranks 5th on our list of dividend aristocrats with payout ratio less than 55%

Deutsche Bank has a Hold rating on shares of Franklin Resources, Inc. (NYSE: BEN), alongside a raised price target of $33, as of this May.

In the fiscal third quarter of 2021, Franklin Resources, Inc. (NYSE: BEN) had an EPS of $0.96, beating estimates by $0.18. The company’s revenue was $2.17 billion, up 82.89% year over year and beating estimates by $43.73 million. Franklin Resources, Inc. (NYSE: BEN) has gained 21.10% in the past 6 months and 35.33% year to date.

By the end of the second quarter of 2021, 30 hedge funds out of the 873 tracked by Insider Monkey held stakes in Franklin Resources, Inc. (NYSE: BEN) worth roughly $205 million. This is compared to 31 hedge funds in the previous quarter with a total stake value of approximately $198 million.