Franklin Universal Trust (NYSE:FT) Shares to Pay Monthly Dividend of $0.04

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

(Get Free Report)

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.

Further Reading

Dividend History for Franklin Universal Trust (NYSE:FT)

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