Franklin Universal Trust (FT) To Go Ex-Dividend on January 23rd

Franklin Universal Trust (NYSE:FT) declared a monthly dividend on Tuesday, January 13th. Stockholders of record on Friday, January 23rd will be paid a dividend of 0.0425 per share by the financial services provider on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, January 23rd.

Franklin Universal Trust Price Performance

NYSE:FT opened at $8.10 on Thursday. The business’s fifty day moving average price is $8.00 and its 200 day moving average price is $7.94. Franklin Universal Trust has a 1-year low of $6.71 and a 1-year high of $8.20.

Franklin Universal Trust Company Profile

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.