Mutual fund company Franklin Resources said on Thursday it has raised its quarterly cash dividend to 10 cents a share, Reuters reports.

That represents an 18% spike from what it paid in the previous quarter, the company said. The dividend will be paid on Jan 14, 2005 to shareholders of record on Dec. 31.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.