Franklin Limited Duration Income Trust (FTF) to Issue Monthly Dividend of $0.06 on July 31st

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) declared a monthly dividend on Tuesday, July 14th. Stockholders of record on Friday, July 24th will be given a dividend of 0.0615 per share on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 12.6%. The ex-dividend date of this dividend is Friday, July 24th.

Franklin Limited Duration Income Trust Price Performance

FTF stock opened at $5.85 on Thursday. Franklin Limited Duration Income Trust has a twelve month low of $5.70 and a twelve month high of $6.52. The business’s 50-day simple moving average is $5.83 and its 200 day simple moving average is $5.97.

Institutional Trading of Franklin Limited Duration Income Trust

Several hedge funds have recently modified their holdings of the company. BlackDiamond Wealth Management LLC acquired a new position in shares of Franklin Limited Duration Income Trust during the fourth quarter valued at $63,000. Procyon Advisors LLC bought a new stake in Franklin Limited Duration Income Trust during the 4th quarter worth about $67,000. Stephens Inc. AR bought a new stake in Franklin Limited Duration Income Trust during the 4th quarter worth about $68,000. Global Retirement Partners LLC acquired a new position in Franklin Limited Duration Income Trust during the 4th quarter valued at about $89,000. Finally, Azzad Asset Management Inc. ADV lifted its holdings in Franklin Limited Duration Income Trust by 59.1% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 16,750 shares of the company’s stock valued at $103,000 after buying an additional 6,225 shares during the period.

Franklin Limited Duration Income Trust Company Profile

Franklin Limited Duration Income Trust (NYSE American: FTF) is a diversified, closed-end management investment company that seeks to provide current income while maintaining a limited interest-rate risk profile. The trust primarily invests in a portfolio of investment-grade fixed-income securities, including corporate bonds, U.S. government and agency obligations, mortgage-backed securities and asset-backed securities. By concentrating on higher-quality credits, the fund aims to deliver a steady stream of income while moderating the impact of rising or volatile interest rates on its net asset value.

To manage duration risk, FTF maintains a target portfolio duration that is shorter than that of broad bond-market indices, typically ranging between two and five years.