Dividend Aristocrats List by Yield: Top 10 Stocks

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

Dividend Yield as of November 14: 4.24%

An American multinational holding company, Franklin Resources, Inc. (NYSE:BEN) reported $1.3 trillion in assets under management in October, up from $1.29 trillion in the previous month. At the end of the fiscal year 2022, the company had $6.8 billion available in cash and investments. It also paid $773 million to shareholders in dividends and share repurchases, which makes it one of the best dividend stocks.

Franklin Resources, Inc. (NYSE:BEN) maintains a 42-year streak of consistent dividend growth. The company pays a quarterly dividend of $0.29 per share for a dividend yield of 4.24%, as of November 14.

In October, Credit Suisse appreciated the company’s focus on growth across all its sectors and its improving fundamentals in the current financial volatility. Given this, the firm initiated its coverage of the stock with a Neutral rating.

As of the close 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. Among these hedge funds, AQR Capital Management was the company’s leading stakeholder in Q2.