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

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) announced a monthly dividend on Tuesday, January 13th. Investors of record on Tuesday, March 24th will be paid a dividend of 0.0615 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 11.9%. The ex-dividend date is Tuesday, March 24th.

Franklin Limited Duration Income Trust Stock Up 0.2%

FTF traded up $0.02 on Wednesday, hitting $6.22. The company had a trading volume of 56,862 shares, compared to its average volume of 166,143. The company’s fifty day moving average price is $6.11 and its 200 day moving average price is $6.28. Franklin Limited Duration Income Trust has a 1 year low of $5.57 and a 1 year high of $6.71.

About Franklin Limited Duration Income Trust

Franklin Limited Duration Income Trust (NYSE American: FTF) is a diversified, closed-end management investment company that seeks to provide current income while maintaining a limited interest-rate risk profile. The trust primarily invests in a portfolio of investment-grade fixed-income securities, including corporate bonds, U.S. government and agency obligations, mortgage-backed securities and asset-backed securities. By concentrating on higher-quality credits, the fund aims to deliver a steady stream of income while moderating the impact of rising or volatile interest rates on its net asset value.

To manage duration risk, FTF maintains a target portfolio duration that is shorter than that of broad bond-market indices, typically ranging between two and five years.