Franklin Universal Trust (FT) To Go Ex-Dividend on March 24th

Franklin Universal Trust (NYSE:FT) declared a monthly dividend on Tuesday, January 13th. Stockholders of record on Tuesday, March 24th will be given a dividend of 0.0425 per share by the financial services provider on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date is Tuesday, March 24th.

Franklin Universal Trust Trading Down 1.5%

Shares of NYSE:FT opened at $8.00 on Friday. Franklin Universal Trust has a 52-week low of $6.71 and a 52-week high of $8.35. The company has a 50-day simple moving average of $8.16 and a 200 day simple moving average of $8.05.

Institutional Trading of Franklin Universal Trust

Hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. increased its holdings in shares of Franklin Universal Trust by 2.3% during the 2nd quarter. Raymond James Financial Inc. now owns 63,780 shares of the financial services provider’s stock worth $486,000 after acquiring an additional 1,455 shares during the last quarter. Uncommon Cents Investing LLC lifted its holdings in Franklin Universal Trust by 0.9% during the 3rd quarter. Uncommon Cents Investing LLC now owns 182,662 shares of the financial services provider’s stock valued at $1,469,000 after purchasing an additional 1,647 shares during the last quarter. Invesco Ltd. lifted its holdings in Franklin Universal Trust by 7.6% during the 4th quarter. Invesco Ltd. now owns 24,001 shares of the financial services provider’s stock valued at $192,000 after purchasing an additional 1,686 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Franklin Universal Trust by 61.6% during the third quarter. PNC Financial Services Group Inc. now owns 5,174 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 1,972 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Franklin Universal Trust by 3.0% during the fourth quarter. Wells Fargo & Company MN now owns 109,700 shares of the financial services provider’s stock worth $878,000 after purchasing an additional 3,218 shares during the period.

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.