Franklin Universal Trust (NYSE:FT – Get Free Report) announced a monthly dividend on Monday, April 13th. Investors of record on Thursday, May 21st will be paid a dividend of 0.0425 per share by the financial services provider on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Thursday, May 21st.
Franklin Universal Trust Trading Down 0.2%
Shares of NYSE FT opened at $7.94 on Tuesday. Franklin Universal Trust has a 52 week low of $7.37 and a 52 week high of $8.35. The firm has a 50-day moving average price of $8.12 and a 200 day moving average price of $8.09.
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.
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