Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF – Get Free Report) announced a monthly dividend on Tuesday, October 13th. Investors of record on Wednesday, December 23rd will be given a dividend of $0.0615 per share on Thursday, December 31st. This represents a $0.74 annualized dividend and a yield of 13.9%. The ex-dividend date is Wednesday, December 23rd.
Franklin Limited Duration Income Trust Stock Down 0.7%
FTF opened at $5.32 on Thursday. The firm’s fifty day moving average price is $5.62 and its 200 day moving average price is $5.76. Franklin Limited Duration Income Trust has a 12-month low of $5.29 and a 12-month high of $6.35.
About Franklin Limited Duration Income Trust
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.
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