Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Declares Monthly Dividend of $0.06

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) announced a monthly dividend on Tuesday, October 13th. Stockholders of record on Friday, November 20th will be paid a dividend of $0.0615 per share on Monday, November 30th. This represents a $0.74 annualized dividend and a dividend yield of 13.9%. The ex-dividend date is Friday, November 20th.

Franklin Limited Duration Income Trust Stock Performance

Shares of FTF opened at $5.32 on Thursday. Franklin Limited Duration Income Trust has a 1 year low of $5.29 and a 1 year high of $6.35. The business has a 50-day moving average of $5.62 and a 200-day moving average of $5.76.

Institutional Trading of Franklin Limited Duration Income Trust

Institutional investors have recently added to or reduced their stakes in the stock. Shaker Financial Services LLC raised its holdings in Franklin Limited Duration Income Trust by 22.5% during the 3rd quarter. Shaker Financial Services LLC now owns 332,332 shares of the company’s stock worth $1,781,000 after purchasing an additional 60,997 shares during the last quarter. Byrne Asset Management LLC lifted its position in shares of Franklin Limited Duration Income Trust by 1.3% in the 3rd quarter. Byrne Asset Management LLC now owns 246,840 shares of the company’s stock worth $1,321,000 after purchasing an additional 3,260 shares during the period. Bank of America Corp DE boosted its stake in shares of Franklin Limited Duration Income Trust by 5.4% in the 1st quarter. Bank of America Corp DE now owns 192,927 shares of the company’s stock valued at $1,125,000 after purchasing an additional 9,928 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Franklin Limited Duration Income Trust by 2.9% in the 1st quarter. Cetera Investment Advisers now owns 182,843 shares of the company’s stock valued at $1,066,000 after purchasing an additional 5,210 shares during the last quarter. Finally, Kingsview Wealth Management LLC bought a new stake in shares of Franklin Limited Duration Income Trust in the 2nd quarter valued at $899,000.

Franklin Limited Duration Income Trust Company Profile

Franklin Limited Duration Income Trust is a closed-end management investment company listed on the NYSE American under the symbol FTF. The fund seeks to provide current income while maintaining a limited portfolio duration, which is intended to reduce sensitivity to changes in interest rates compared with longer-duration fixed-income investments.

The trust invests primarily in a diversified portfolio of debt securities and other income-producing instruments. Its holdings may include investment-grade and below-investment-grade corporate bonds, floating-rate loans, mortgage-related securities, government and agency obligations, and other fixed-income assets.