Franklin Universal Trust (NYSE:FT – Get Free Report) declared a monthly dividend on Tuesday, April 8th, Wall Street Journal reports. Shareholders of record on Thursday, April 17th will be given a dividend of 0.0425 per share by the financial services provider on Wednesday, April 30th. This represents a $0.51 dividend on an annualized basis and a yield of 7.15%. The ex-dividend date is Thursday, April 17th.
Franklin Universal Trust has decreased its dividend payment by an average of 1.9% annually over the last three years.
Franklin Universal Trust Stock Performance
Shares of NYSE:FT opened at $7.13 on Thursday. Franklin Universal Trust has a 1 year low of $6.34 and a 1 year high of $7.80. The stock’s 50-day moving average is $7.50 and its 200 day moving average is $7.50.
Franklin Universal Trust Company Profile
Franklin Universal Trust is a closed-ended balanced mutual fund launched by Franklin Resources, Inc The fund is managed by Franklin Advisers, Inc It invests in the public equity and fixed income markets of the United States. The fund invests in companies operating in utility sector. It employs fundamental analysis to invest in a diversified portfolio of corporate bonds and dividend paying utility stocks.
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