Franklin Universal Trust (FT) to Issue $0.03 Monthly Dividend
Franklin Universal Trust (NYSE:FT) declared a monthly dividend on Monday, May 20th, Wall Street Journal reports. Shareholders of record on Friday, May 31st will be paid a dividend of 0.032 per share by the financial services provider on Friday, June 14th. This represents a $0.38 annualized dividend and a yield of 5.46%. The ex-dividend date of this dividend is Thursday, May 30th.
Franklin Universal Trust has decreased its dividend by an average of 6.8% per year over the last three years.
Shares of Franklin Universal Trust stock opened at $7.03 on Tuesday. Franklin Universal Trust has a 52-week low of $6.05 and a 52-week high of $7.07.
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Franklin Universal Trust is a closed-ended balanced mutual fund launched by Franklin Resources, Inc The fund is managed by Franklin Advisers, Inc It invests in the public equity and fixed income markets of the United States. The fund invests in companies operating in utility sector. It employs fundamental analysis to invest in a diversified portfolio of corporate bonds and dividend paying utility stocks.
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