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

Franklin Universal Trust (NYSE:FT) declared a monthly dividend on Wednesday, October 14th. Investors of record on Friday, October 23rd will be given a dividend of $0.0425 per share by the financial services provider on Friday, October 30th. This represents a $0.51 annualized dividend and a yield of 7.2%. The ex-dividend date is Friday, October 23rd.

Franklin Universal Trust Stock Down 0.7%

NYSE:FT opened at $7.10 on Thursday. The stock’s fifty day moving average price is $7.50 and its two-hundred day moving average price is $7.86. Franklin Universal Trust has a 52-week low of $6.95 and a 52-week high of $8.35.

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.