BlackRock reported a record $15.3 trillion in assets under management, and the article uses this fee-based model to compare four asset managers that pay dividends. T. Rowe Price has the highest yield at 4.93%, a $105.16 share price, and a payout ratio of about 51.6% on trailing diluted EPS, with its regular quarterly dividend rising every year since 2017. Franklin Templeton yields 4.04% at $31.99, with a GAAP payout ratio near 89.1% inflated by one-time items but about 45.8% on adjusted EPS, and record AUM of $1.8 trillion. Invesco yields 2.82% at $29.51 and has the lowest adjusted payout ratio of the four at about 30.3%, after cutting its quarterly dividend in 2020 and raising it each year since. The article flags risks including net client outflows, such as $6.5 billion at T. Rowe Price, and possible legal or regulatory charges.
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