Franklin Universal Trust (NYSE:FT – Get Free Report) declared a monthly dividend on Tuesday, July 14th. Shareholders of record on Monday, August 24th will be paid a dividend of 0.0425 per share by the financial services provider on Monday, August 31st. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Monday, August 24th.
Franklin Universal Trust Stock Performance
FT opened at $8.10 on Wednesday. Franklin Universal Trust has a one year low of $7.68 and a one year high of $8.35. The company has a fifty day moving average price of $8.03 and a 200-day moving average price of $8.10.
About Franklin Universal Trust
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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