5 Safe Dividend Stocks with Over 3% Yield

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

Franklin Resources is a New York-based financial services company that is more commonly known as Franklin Templeton. The stock has a dividend yield of 4.9% and PE ratio of just 6.95 as of October 26. In October, Credit Suisse gave a Neutral rating to Franklin Resources (NYSE:BEN). The company has increased its dividend for 42 years.

As of the end of the second quarter, 24 hedge funds tracked by Insider Monkey had stakes in the company, compared to 30 funds in the previous quarter.