Franklin Resources, Inc. (NYSE:BEN) is one of the 12 Best Stocks to Buy Now for Passive Income, offering a dividend yield of 5.28% as of September 22. The company has 49 consecutive years of dividend growth, appealing to income-seeking investors.

Franklin Resources, Inc. (NYSE:BEN) manages a diverse portfolio of investments, with revenues mostly derived from management fees tied to its $1.61 trillion in assets under management in Q3 FY25. Its scale, product variety, and global network contribute to its success in attracting clients.

The key drivers of Franklin Resources, Inc. (NYSE:BEN) include maintaining large assets under management, aligning products with market trends, and effectively integrating acquisitions like Putnam and Apera Asset Management. The company’s global reach, strong regulatory oversight, and cost control are crucial for its performance.

While Franklin Resources, Inc. (NYSE:BEN) is a strong choice for passive income, some AI stocks may offer greater potential upside with lower downside risk. Investors seeking undervalued AI stocks can explore opportunities beyond BEN.

For more investment options, consider exploring the 12 Best Retail Dividend Stocks to Buy Now and 11 Cheap Quarterly Dividend Stocks to Buy Right Now. Disclosure: None.

Read more at Yahoo Finance: Franklin Resources’ (BEN) Dividend History and its Appeal for Passive Income Seekers