Dividend and Income Investors Forgot About Munis, But Today They Make Perfect Sense
24/7 Wall St. Key Points: Rising interest rates have made the tax free payouts on municipal bonds more appealing, particularly for high-income investors in states like California and New York Though their exemption from federal (and occasionally state) taxes improves their after-tax returns, muni bonds usually have lower yields than corporate bonds. Individual purchases, mutual funds, or ETFs let investors access muni bonds; ETFs have the benefit of real-time trading and liquidity. Also: If it’s income you want, don’t forget about the 2 Dividend Legend Stocks that keep paying investors year after year. Click here to learn more. Watch the Video Click Here Transcript: [00:00:04] Doug McIntyre: Munis are sort of a forgotten piece of the fixed income investment world. I don’t know. For some reason, I used to hear about them all the time. Why are they making a comeback? What’s what’s the new found interest in that? [00:00:18] Lee Jackson: Well, number one, the 15 year stretch we had from 2008 to a couple of years ago, there was zero interest rates. [00:00:28] Lee Jackson: So municipal bonds, for those who aren’t aware, are the bonds that are issued by your local city, your state, your county, to fund activity within the city, state, and county. And it can be for roads. It can be for other infrastructure. It can be for numerous things. But for the last 15 years, the yields on munis, which are lower than corporate bonds, the rate of, you know, triple A, double A bonds are, you know, a good 60 to a hundred basis points lower. So I think they just weren’t attractive from a year, the yield standpoint. But now that we had a big run up from zero to over five, you know, it’s come back in over the last year, I think they’re attractive. And again, if you live in a state like New York or California, there is municipal bond funds that are just California bonds, and those are not subject to state income tax. [00:01:26] Lee Jackson: And federal income tax. And in some cases, if you live in New York, it’s the same thing. So I think it’s a good idea for people to at least consider it because, they’re tax free. You don’t pay one penny of tax on that income. And again, rates probably won’t go much lower than they are now. I mean they just can’t lower rates tremendously from here because inflation won’t go away and the fed knows that and as much as the president wants rates to be lower. He knows in his in his heart of hearts that they really can’t lower rates drastically So it’s certainly something to consider and you can buy them individually with a single bond that, you know, trades at par, which is usually a thousand initially. [00:02:11] Lee Jackson: Or you can buy them in a mutual fund from big companies like Fidelity or, or Franklin Templeton. Or you can buy them in an ETF, which is an exchange traded fund, which is a little more helpful simply because you can buy and sell those anytime of day. The post Dividend and Income Investors Forgot About Munis, But Today They Make Perfect Sense appeared first on 24/7 Wall St..
Franklin Resources, Inc. (BEN) Q1 2025 Earnings Call Transcript
Franklin Resources, Inc. (NYSE:BEN ) Q1 2025 Earnings Conference Call January 31, 2025 11:00 AM ET Company Participants Selene Oh - Chief Communications Officer & Head of Investor Relations Jenny Johnson - President & Chief Executive Officer Matt Nicholls - Chief Financial Officer & Chief Operating Officer Adam Spector - Head, Global Distribution Conference Call Participants Alexander Blostein - Goldman Sachs Dan Fannon - Jefferies Michael Cyprys - Morgan Stanley Bill Katz - TD Cowen Brennan Hawken - UBS Benjamin Budish - Barclays Patrick Davitt - Autonomous Research Operator Welcome to Franklin Resources Earnings Conference Call for the Quarter Ended December 31, 2024. Hello, my name is Matt, and I will be your call operator today.
Franklin Q1 Earnings & Revenues Surpass Estimates, AUM Declines Q/Q
BEN's Q1 earnings benefit from a rise in its revenues. However, a decline in AUM balance and higher expenses are headwinds.
Franklin Resources (BEN) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Franklin Resources (BEN) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Franklin Resources (BEN) Surpasses Q1 Earnings and Revenue Estimates
Franklin Resources (BEN) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.65 per share a year ago.
Analysts Estimate Franklin Resources (BEN) to Report a Decline in Earnings: What to Look Out for
Franklin Resources (BEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
5 Ultra High-Yield Dividend Stocks Paying Over 5%
The Federal Reserve's 25 basis points rate cut at the end of October 2024 took interest rates below 5% for the first time since March 2023, and another rate a few weeks ago puts it as 4.5% as of writing.
Strategic Acquisitions & Solid AUM Aid Franklin Amid High Costs
BEN's acquisitions and solid AUM growth will likely support its long-term financials. Rising costs and concentrated revenues are worrisome.
Bronstein, Gewirtz & Grossman, LLC Encourages Franklin Resources, Inc. (BEN) Shareholders to Inquire about Securities Investigation
NEW YORK, NY / ACCESSWIRE / December 20, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Franklin Resources, Inc. ("Franklin" or "the Company") (NYSE:BEN). Investors who purchased Franklin securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/BEN.
Bronstein, Gewirtz & Grossman, LLC Is Investigating Franklin Resources, Inc. (BEN) And Encourages Shareholders to Connect
NEW YORK, NY / ACCESSWIRE / December 19, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Franklin Resources, Inc. ("Franklin" or "the Company") (NYSE:BEN). Investors who purchased Franklin securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/BEN.
Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against Franklin Resources, Inc. (BEN) And Encourages Shareholders to Reach Out
NEW YORK, NY / ACCESSWIRE / December 18, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Franklin Resources, Inc. ("Franklin" or "the Company") (NYSE:BEN). Investors who purchased Franklin securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/BEN.
Bronstein, Gewirtz & Grossman, LLC Announces an Investigation Against Franklin Resources, Inc. (BEN) and Encourages Shareholders to Learn More About the Investigation
NEW YORK, NY / ACCESSWIRE / December 17, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Franklin Resources, Inc. ("Franklin" or "the Company") (NYSE:BEN). Investors who purchased Franklin securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/BEN.
