Franklin Universal Trust (NYSE:FT) Plans $0.04 Monthly Dividend

Franklin Universal Trust (NYSE:FTGet Free Report) announced a monthly dividend on Tuesday, May 7th, Wall Street Journal reports. Shareholders of record on Friday, May 17th will be paid a dividend of 0.0425 per share by the financial services provider on Friday, May 31st. This represents a $0.51 dividend on an annualized basis and a yield of 7.42%. The ex-dividend date of this dividend is Thursday, May 16th.

Franklin Universal Trust has raised its dividend payment by an average of 9.9% annually over the last three years and has raised its dividend every year for the last 1 years.

Franklin Universal Trust Trading Up 0.4 %

Shares of FT stock traded up $0.03 during mid-day trading on Wednesday, reaching $6.87. 15,819 shares of the company’s stock traded hands, compared to its average volume of 57,408. Franklin Universal Trust has a 12 month low of $5.97 and a 12 month high of $7.06. The firm has a 50 day moving average price of $6.58 and a two-hundred day moving average price of $6.54.

About Franklin Universal Trust

(Get Free Report)

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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Dividend History for Franklin Universal Trust (NYSE:FT)

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