Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Plans Monthly Dividend of $0.06

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) declared a monthly dividend on Monday, June 9th, Wall Street Journal reports. Investors of record on Monday, June 16th will be paid a dividend of 0.0615 per share on Monday, June 30th. This represents a $0.74 annualized dividend and a dividend yield of 11.53%. The ex-dividend date of this dividend is Monday, June 16th.

Franklin Limited Duration Income Trust Price Performance

Shares of FTF traded down $0.03 during trading hours on Monday, reaching $6.40. 148,107 shares of the company traded hands, compared to its average volume of 201,919. The business has a fifty day moving average price of $6.28 and a 200-day moving average price of $6.40. Franklin Limited Duration Income Trust has a 12-month low of $5.57 and a 12-month high of $6.83.

Institutional Trading of Franklin Limited Duration Income Trust

A hedge fund recently raised its stake in Franklin Limited Duration Income Trust stock. Royal Bank of Canada grew its stake in Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) by 6.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,079 shares of the company’s stock after purchasing an additional 3,959 shares during the period. Royal Bank of Canada’s holdings in Franklin Limited Duration Income Trust were worth $446,000 at the end of the most recent quarter.

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.