This Dividend Champion Has a 6% Yield. Here's Why That's Bad.
Franklin Templeton stock has been in the news lately after the Chief Investment Officer of their Western Asset Management division was terminated due to an ongoing SEC investigation. The stock price has naturally fallen quite a bit, and the current dividend yield of BEN stock is roughly 6%. This is leading many investors to question whether this presents a buying opportunity, or a trap. Today, we'll look at Franklin Resources stock to see if this is a great time to buy the dip or not. To do so, we'll analyze the stock using our Quantigence dividend growth investing methodology, looking at key…
The skinny
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