Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF – Get Free Report) announced a monthly dividend on Wednesday, January 8th,Wall Street Journal reports. Investors of record on Tuesday, January 21st will be given a dividend of 0.0615 per share on Friday, January 31st. This represents a $0.74 annualized dividend and a dividend yield of 11.05%. The ex-dividend date of this dividend is Tuesday, January 21st.
Franklin Limited Duration Income Trust has increased its dividend by an average of 10.5% annually over the last three years.
Franklin Limited Duration Income Trust Stock Performance
FTF stock opened at $6.68 on Friday. Franklin Limited Duration Income Trust has a 52 week low of $6.08 and a 52 week high of $6.83.
About Franklin Limited Duration Income Trust
Franklin Limited Duration Income Trust is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc The fund is managed by Franklin Advisers, Inc It invests in the fixed income markets of the United States. The fund primarily invests in mortgage-backed securities, asset-backed securities, floating rate bank loans, and high yield corporate bonds.
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