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

Franklin Universal Trust (NYSE:FT) announced a monthly dividend on Tuesday, October 13th. Investors of record on Friday, November 20th will be given a dividend of $0.0425 per share by the financial services provider on Monday, November 30th. This represents a $0.51 annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Friday, November 20th.

Franklin Universal Trust Trading Down 0.7%

Shares of Franklin Universal Trust stock opened at $7.10 on Thursday. Franklin Universal Trust has a 12-month low of $6.95 and a 12-month high of $8.35. The firm’s 50-day moving average price is $7.50 and its two-hundred day moving average price is $7.86.

About Franklin Universal Trust

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.