Franklin Universal Trust (NYSE:FT – Get Free Report) announced a monthly dividend on Wednesday, October 14th. Shareholders of record on Friday, October 23rd will be paid a dividend of $0.0425 per share by the financial services provider on Friday, October 30th. This represents a $0.51 annualized dividend and a yield of 7.2%. The ex-dividend date is Friday, October 23rd.
Franklin Universal Trust Price Performance
FT stock opened at $7.10 on Thursday. Franklin Universal Trust has a one year low of $6.95 and a one year high of $8.35. The firm has a 50 day simple moving average of $7.50 and a two-hundred day simple moving average of $7.86.
Institutional Trading of Franklin Universal Trust
An institutional investor recently raised its position in Franklin Universal Trust stock. Shaker Financial Services LLC boosted its position in Franklin Universal Trust (NYSE:FT – Free Report) by 142.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,281 shares of the financial services provider’s stock after acquiring an additional 35,411 shares during the quarter. Shaker Financial Services LLC owned 0.24% of Franklin Universal Trust worth $424,000 as of its most recent filing with the Securities & Exchange Commission.
Franklin Universal Trust Company Profile
Franklin Universal Trust is a diversified closed-end investment company listed on the New York Stock Exchange under the symbol FT. The fund seeks to provide a high level of current income while also pursuing capital appreciation through investments in a range of debt and equity securities.
The trust has historically emphasized securities issued by companies in utility-related industries, including electric, gas, telecommunications and other infrastructure businesses. Its portfolio may include common and preferred stocks, corporate bonds and other income-producing investments, allowing the fund to participate in both equity and fixed-income markets.
Franklin Universal Trust is managed by Franklin Advisers, Inc, an affiliate of Franklin Resources, Inc, which operates under the Franklin Templeton brand.
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