Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Announces Monthly Dividend of $0.06

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) declared a monthly dividend on Wednesday, October 14th. Stockholders of record on Friday, October 23rd will be given a dividend of $0.0615 per share on Friday, October 30th. This represents a $0.74 annualized dividend and a dividend yield of 13.9%. The ex-dividend date of this dividend is Friday, October 23rd.

Franklin Limited Duration Income Trust Trading Down 0.7%

NYSEAMERICAN:FTF opened at $5.32 on Thursday. Franklin Limited Duration Income Trust has a 52-week low of $5.29 and a 52-week high of $6.35. The stock has a 50-day simple moving average of $5.62 and a 200 day simple moving average of $5.76.

Hedge Funds Weigh In On Franklin Limited Duration Income Trust

A number of large investors have recently bought and sold shares of FTF. Shaker Financial Services LLC grew its position in Franklin Limited Duration Income Trust by 22.5% in the third quarter. Shaker Financial Services LLC now owns 332,332 shares of the company’s stock valued at $1,781,000 after purchasing an additional 60,997 shares in the last quarter. Tactive Advisors LLC acquired a new stake in Franklin Limited Duration Income Trust in the 3rd quarter valued at $74,000. Byrne Asset Management LLC increased its stake in Franklin Limited Duration Income Trust by 1.3% in the 3rd quarter. Byrne Asset Management LLC now owns 246,840 shares of the company’s stock valued at $1,321,000 after buying an additional 3,260 shares during the last quarter. Waverly Advisors LLC lifted its position in Franklin Limited Duration Income Trust by 22.7% during the 2nd quarter. Waverly Advisors LLC now owns 16,008 shares of the company’s stock worth $93,000 after buying an additional 2,957 shares in the last quarter. Finally, SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new stake in Franklin Limited Duration Income Trust during the 2nd quarter worth about $91,000.

Franklin Limited Duration Income Trust Company Profile

Franklin Limited Duration Income Trust is a closed-end management investment company listed on the NYSE American under the symbol FTF. The fund seeks to provide current income while maintaining a limited portfolio duration, which is intended to reduce sensitivity to changes in interest rates compared with longer-duration fixed-income investments.

The trust invests primarily in a diversified portfolio of debt securities and other income-producing instruments. Its holdings may include investment-grade and below-investment-grade corporate bonds, floating-rate loans, mortgage-related securities, government and agency obligations, and other fixed-income assets.