5 Best Dividend Stocks to Buy in 2022

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

Dividend Yield as of July 21: 4.56%

Franklin Resources, Inc. (NYSE:BEN) is one of the largest investment management companies in the world, that provides services related to mutual funds, retirement, institutional and individual accounts.

Over the past four quarters, Franklin Resources, Inc. (NYSE:BEN) generated $869 million in free cash flow. At the end of Q1 2022, the company reported $6.8 billion available in cash and cash equivalents. On June 8, Franklin Resources, Inc. (NYSE:BEN) declared a quarterly dividend of $0.29 per share, consistent with its previous dividend. The company has been raising its dividend consecutively for the past 42 years. As of July 21, the stock’s dividend yield came in at 4.56%.

In July, UBS lowered its price target on Franklin Resources, Inc. (NYSE:BEN) to $24 with a Neutral rating on the shares, highlighting pressures on the sector due to the Q2 market pull.

At the end of Q1 2022, 30 hedge funds tracked by Insider Monkey held investments in Franklin Resources, Inc. (NYSE:BEN) worth roughly $250 million. In the previous quarter, 29 hedge funds held stakes in the company, valued at $401 million.

You can also take a look at 10 Semiconductor Stocks to Buy Today According to Billionaire Ken Fisher and 10 Best Vanguard ETFs to Invest In

Follow Insider Monkey on Twitter