This Undervalued Stock Is the Cheapest It's Been in Years
Bear markets are a big problem for Franklin Resources (NYSE: BEN) and its fellow asset managers. Since the S&P 500 is still muddling through such a downturn, investors have been particularly dour on Franklin's stock, pushing it down toward 10-year lows.
There are also longer-running issues at play here. But this resilient dividend payer has proved itself over time, which makes the 4.5% dividend yield worth a closer look for long-term income investors.
When a stock's price gets cut in half, you know things are bad. That's basically the case with Franklin Resources, which is roughly 55% below its 10-year highs. There are a couple of factors at play.
Source Fool.com
