10 Safe Dividend Stocks with Yields Above 5%

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

Dividend Yield as of April 20: 7.72%

Franklin Resources, Inc. (NYSE:BEN) ranks second on our list of the best dividend stocks with yields above 5%. As of March 31, the company reported preliminary assets under management (AUM) totaling $1.53 trillion, reflecting a 2.4% drop from the previous month. This decline was attributed to market headwinds and preliminary long-term net outflows of $4 billion, which included $7 billion in outflows from Western Asset Management.

Despite this, Franklin Resources, Inc. (NYSE:BEN) saw a 34% year-over-year increase in long-term inflows during the first quarter of fiscal 2025, excluding reinvested distributions. It recorded $17 billion in net inflows across various investment platforms. Although long-term net outflows—excluding Western Asset—reached $50 billion, the company still posted $18 billion in total net inflows across all asset categories.

Franklin Resources, Inc. (NYSE:BEN) has a solid dividend policy, having raised its payouts for 49 consecutive years. The company offers a quarterly dividend of $0.32 per share and has a dividend yield of 7.72%, as recorded on April 20.