5 Companies Likely to be Dividend Kings in the Future

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

Consecutive Years of Dividend Growth: 42
5-Year Average Dividend Payout Ratio: 49.6%

Franklin Resources, Inc. (NYSE:BEN) is an American multinational holding company, headquartered in California. In January, BMO Capital maintained a Market Perform rating on the stock, presenting a positive stance on the company’s alternative platform expansion plans.

Franklin Resources, Inc. (NYSE:BEN) is likely to be a dividend king in the future as the company’s 5-year average payout ratio stands at 49.6%. Moreover, it has been raising its dividends consistently for the past 42 years. The company pays a quarterly dividend of $0.30 per share for a dividend yield of 3.74%, as of February 7.

At the end of September, 25 hedge funds in Insider Monkey’s database owned stakes in Franklin Resources, Inc. (NYSE:BEN), up from 24 in the previous quarter. These stakes have a collective value of nearly $126 million.