| Earnings per Share The components of basic and diluted earnings per share were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in millions, except per share data) | | Three Months Ended March 31, | | Six Months Ended
March 31, | | 2024 | | 2023 | | 2024 | | 2023 | | Net income attributable to Franklin Resources, Inc. | | $ | 124.2 | | | $ | 194.2 | | | $ | 375.5 | | | $ | 359.8 | | Less: allocation of earnings to participating nonvested stock and stock unit awards | | 7.2 | | | 9.0 | | | 16.3 | | | 16.7 | | | Net Income Available to Common Stockholders | | $ | 117.0 | | | $ | 185.2 | | | $ | 359.2 | | | $ | 343.1 | | | | | | | | | | | | Weighted-average shares outstanding – basic | | 518.4 | | | 490.7 | | | 502.6 | | | 490.1 | | Dilutive effect of nonparticipating nonvested stock unit awards | | 0.8 | | | 0.7 | | | 0.8 | | | 0.7 | | | Weighted-Average Shares Outstanding – Diluted | | 519.2 | | | 491.4 | | | 503.4 | | | 490.8 | | | | | | | | | | | | Earnings per Share | | | | | | | | | | Basic | | $ | 0.23 | | | $ | 0.38 | | | $ | 0.71 | | | $ | 0.70 | | | Diluted | | 0.23 | | | 0.38 | | | 0.71 | | | 0.70 | |
Nonparticipating nonvested stock unit awards excluded from the calculation of diluted earnings per share because their effect would have been antidilutive were insignificant for the three and six months ended March 31, 2024 and 2023.
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