Franklin Universal Trust (NYSE:FT – Get Free Report) announced a monthly dividend on Tuesday, January 13th. Investors of record on Tuesday, March 24th will be given a dividend of 0.0425 per share by the financial services provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Tuesday, March 24th.
Franklin Universal Trust Trading Up 0.4%
Shares of FT stock traded up $0.03 during trading hours on Wednesday, hitting $8.07. 1,233 shares of the company were exchanged, compared to its average volume of 36,679. The firm has a fifty day simple moving average of $7.99 and a 200 day simple moving average of $7.94. Franklin Universal Trust has a 52-week low of $6.71 and a 52-week high of $8.20.
Franklin Universal Trust Company Profile
Franklin Universal Trust (NYSE: FT) is a closed-end management investment company organized under Maryland law and managed by Franklin Templeton. The trust seeks to provide a high level of current income with a secondary objective of capital appreciation. It issues common shares that trade on the New York Stock Exchange, offering investors access to a diversified portfolio of income-oriented credit instruments.
The fund’s core strategy focuses on senior secured floating-rate bank loans, which typically adjust their interest rates in line with market benchmarks.
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