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 Monday, April 13th. Investors of record on Thursday, April 23rd will be paid a dividend of 0.0615 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 12.4%. The ex-dividend date of this dividend is Thursday, April 23rd.

Franklin Limited Duration Income Trust Stock Up 0.8%

Shares of NYSEAMERICAN:FTF opened at $5.97 on Tuesday. Franklin Limited Duration Income Trust has a fifty-two week low of $5.70 and a fifty-two week high of $6.55. The firm has a 50-day simple moving average of $6.00 and a 200 day simple moving average of $6.11.

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.