I Almost Didn't Buy This 6%+ Yielder Because of Industry Headwinds. Here's Why I'm Glad I Bought It Anyway.

Key Points Franklin Templeton has increased its dividend for 46 consecutive years. In the third quarter, the company reported double-digit revenue growth and triple-digit earnings-per-share growth. The company has been active with acquisitions. 10 stocks we like better than Franklin Templeton › I'm a long-term owner of Franklin Templeton (NYSE: BEN) stock, having bought shares on Jan. 14, 2020. At the time, I vacillated about buying the financial services stock because the company, like other legacy active asset managers, was facing headwinds from the trend of investors shifting their funds into low-cost passive index funds and no-fee brokers. At the time, the stock paid a dividend of around 6%, but I almost didn't buy.