Franklin Limited Duration Income Trust (FTF) To Go Ex-Dividend on January 23rd

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) announced a monthly dividend on Tuesday, January 13th. Shareholders of record on Friday, January 23rd will be paid a dividend of 0.0615 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 11.8%. The ex-dividend date is Friday, January 23rd.

Franklin Limited Duration Income Trust Stock Up 0.2%

FTF opened at $6.23 on Wednesday. Franklin Limited Duration Income Trust has a 1 year low of $5.57 and a 1 year high of $6.71. The stock has a 50-day moving average price of $6.12 and a 200-day moving average price of $6.27.

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.