Franklin Universal Trust (NYSE:FT – Get Free Report) announced a monthly dividend on Tuesday, January 13th. Investors of record on Friday, January 23rd will be given a dividend of 0.0425 per share by the financial services provider on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Friday, January 23rd.
Franklin Universal Trust Trading Down 0.2%
Shares of FT opened at $8.12 on Wednesday. The stock has a fifty day moving average price of $8.00 and a two-hundred day moving average price of $7.95. Franklin Universal Trust has a 52-week low of $6.71 and a 52-week high of $8.20.
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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