12 Best Dividend Stocks Under $30

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

Share Price as of the Close of January 30: $20.15

Franklin Resources, Inc. (NYSE:BEN) is an American multinational asset management company that offers a wide range of related products and services to its consumers. In its recently announced fiscal Q1 2025 earnings, the company reported a 34% year-over-year increase in long-term inflows, excluding reinvested distributions, and achieved positive net flows across equity, multi-asset, and alternative investments, amounting to a total of $17 billion for the quarter. Although long-term net outflows stood at $50 billion, when excluding Western Asset Management, the company recorded $18 billion in long-term net inflows, with positive results across all asset classes.

Franklin Resources, Inc. (NYSE:BEN) has declined by over 16.5% in the past 12 months, a development that is not entirely surprising given its history of inconsistent performance. However, the company has undergone significant transformation over the years. Through strategic acquisitions, including last year’s purchase of the options-trading technology firm volScout, this mutual fund leader has strengthened its ability to serve the evolving needs of both individual and institutional investors.

Franklin Resources, Inc. (NYSE:BEN) is one of the strongest dividend payers in the market. In December 2024, the company declared a 3% hike in its quarterly dividend to $0.32 per share. This marked the company’s 49th consecutive year of dividend growth. With a dividend yield of 5.79%, as of January 30, BEN is one of the best dividend stocks to buy under $30.

Insider Monkey’s database of Q3 2024 indicated that 26 hedge funds owned stakes in Franklin Resources, Inc. (NYSE:BEN), compared with 27 in the previous quarter. These stakes have a total value of over $272.6 million. With over 3.5 million shares, AQR Capital Management was the company’s leading stakeholder in Q3.