Franklin Universal Trust (FT) to Issue Monthly Dividend of $0.04 on December 31st

Franklin Universal Trust (NYSE:FT) declared a monthly dividend on Friday, December 5th. Shareholders of record on Monday, December 15th will be given a dividend of 0.0425 per share by the financial services provider on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date is Monday, December 15th.

Franklin Universal Trust Stock Down 0.8%

FT stock traded down $0.07 during trading on Friday, hitting $7.89. 50,424 shares of the company’s stock traded hands, compared to its average volume of 46,573. Franklin Universal Trust has a 52 week low of $6.71 and a 52 week high of $8.20. The stock has a fifty day moving average price of $8.02 and a two-hundred day moving average price of $7.86.

About Franklin Universal Trust

Franklin Universal Trust is a closed-ended balanced mutual fund launched by Franklin Resources, Inc The fund is managed by Franklin Advisers, Inc It invests in the public equity and fixed income markets of the United States. The fund invests in companies operating in utility sector. It employs fundamental analysis to invest in a diversified portfolio of corporate bonds and dividend paying utility stocks.