Franklin Universal Trust (FT) Getting Somewhat Favorable News Coverage, Analysis Finds
Headlines about Franklin Universal Trust (NYSE:FT) have been trending somewhat positive on Thursday, Accern Sentiment reports. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Franklin Universal Trust earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 47.0261746296984 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Franklin Universal Trust (NYSE:FT) opened at $7.24 on Thursday. Franklin Universal Trust has a 52-week low of $6.61 and a 52-week high of $7.39.
The firm also recently announced a jan 18 dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a dividend of $0.032 per share. This represents a yield of 5.28%. The ex-dividend date is Thursday, December 28th.
Franklin Universal Trust is a closed-end management investment company. The Fund’s primary investment objective is to provide high, current income consistent with preservation of capital. Its secondary objective is growth of income through dividend increases and capital appreciation. It invests primarily in two asset classes: high yield bonds and utility stocks.
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