Goldman Sachs’ 5 Cheap Dividend Stocks

In this article, we will discuss Goldman Sachs’ 5 cheap dividend stocks. If you want to read our detailed analysis of dividend investing and the firm’s outlook on dividend stocks, go directly to read Goldman Sachs’ Cheap Dividend Stocks. 

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

Dividend Yield as of November 4: 5.00%

Franklin Resources, Inc. (NYSE:BEN) is an American multinational holding company and is one of the world’s largest investment managers. In fiscal Q4 2022, the company reported revenue of $1.94 billion, which beat consensus by $170 million. It ended the fiscal year with cash and investments worth over $6.8 billion after funding two acquisitions and other investments. Moreover, it also paid $773 million to shareholders in dividends and share repurchases.

Franklin Resources, Inc. (NYSE:BEN) currently pays a quarterly dividend of $0.29 per share and has a dividend yield of 5.00%, as of November 4. The company is one of the best dividend stocks to buy as it has been raising its payouts consistently for the past 42 years. Moreover, it has raised its dividends at a CAGR of 7.71% in the last five years. Goldman Sachs forecasts an 8% dividend growth over the next two years.

In October, Credit Suisse initiated its coverage of Franklin Resources, Inc. (NYSE:BEN) with a Neutral rating, highlighting the company’s focus on faster growth across its different segments.

At the end of Q2 2022, 24 hedge funds in Insider Monkey’s database owned investments in Franklin Resources, Inc. (NYSE:BEN), with a total value of over $217.2 million. Among these hedge funds, AQR Capital Management was the company’s leading stakeholder in Q2.