5 Best Dividend Stocks for Steady Growth

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

Dividend Yield as of October 4: 5.04%
5-Year Compound Average Dividend Growth Rate: 7.71%

Franklin Resources, Inc. (NYSE:BEN) is an American multinational holding company and is one of the world’s largest investment managers. In Q2 2022, the company’s operating cash flow grew to $820 million, from $506 million during the same period last year. Its free cash flow stood at $806.7 million, up from $461.7 million in the prior-year quarter. The company ended the quarter with $5.5 billion available in cash and cash equivalents.

On August 29, Franklin Resources, Inc. (NYSE:BEN) declared a quarterly dividend of $0.29 per share, in line with its previous dividend. The company has been raising its dividends consistently for the past 42 years with a five-year dividend CAGR of 7.71%. The stock’s dividend yield came in at 5.04%, as of October 4.

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.