Franklin Universal Trust (NYSE:FT – Get Free Report) announced a monthly dividend on Tuesday, July 14th. Investors of record on Wednesday, September 23rd will be given a dividend of 0.0425 per share by the financial services provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Wednesday, September 23rd.
Franklin Universal Trust Stock Performance
Shares of NYSE FT opened at $8.10 on Wednesday. Franklin Universal Trust has a 52-week low of $7.68 and a 52-week high of $8.35. The firm has a 50 day moving average price of $8.03 and a 200 day moving average price of $8.10.
Franklin Universal Trust Company Profile
Franklin Universal Trust (NYSE: FT) is a closed-end management investment company organized under Maryland law and managed by Franklin Templeton. The trust seeks to provide a high level of current income with a secondary objective of capital appreciation. It issues common shares that trade on the New York Stock Exchange, offering investors access to a diversified portfolio of income-oriented credit instruments.
The fund’s core strategy focuses on senior secured floating-rate bank loans, which typically adjust their interest rates in line with market benchmarks.
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