Franklin Limited Duration Income Trust to Issue Monthly Dividend of $0.06 (NYSEAMERICAN:FTF)

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) declared a monthly dividend on Tuesday, January 13th. Shareholders of record on Friday, February 20th will be paid a dividend of 0.0615 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 11.9%. The ex-dividend date of this dividend is Friday, February 20th.

Franklin Limited Duration Income Trust Stock Up 0.2%

Franklin Limited Duration Income Trust stock traded up $0.02 during trading hours on Wednesday, reaching $6.22. 37,675 shares of the stock were exchanged, compared to its average volume of 164,661. Franklin Limited Duration Income Trust has a 52-week low of $5.57 and a 52-week high of $6.71. The firm’s 50 day moving average is $6.11 and its 200 day moving average is $6.28.

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.