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

Franklin Universal Trust (NYSE:FT) announced a monthly dividend on Friday, December 5th. Investors of record on Monday, December 15th will be given a dividend of 0.0425 per share by the financial services provider on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Monday, December 15th.

Franklin Universal Trust Stock Down 0.8%

Shares of Franklin Universal Trust stock traded down $0.07 during trading hours on Friday, hitting $7.89. 50,424 shares of the company’s stock traded hands, compared to its average volume of 46,573. Franklin Universal Trust has a twelve month low of $6.71 and a twelve month high of $8.20. The stock has a 50 day simple moving average of $8.02 and a 200-day simple moving average of $7.86.

Institutional Trading of Franklin Universal Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. Moloney Securities Asset Management LLC increased its holdings in shares of Franklin Universal Trust by 1.2% during the third quarter. Moloney Securities Asset Management LLC now owns 691,160 shares of the financial services provider’s stock valued at $5,557,000 after purchasing an additional 7,995 shares during the period. Advisors Asset Management Inc. increased its stake in Franklin Universal Trust by 102.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 429,450 shares of the financial services provider’s stock valued at $3,453,000 after buying an additional 217,780 shares during the period. Uncommon Cents Investing LLC raised its position in shares of Franklin Universal Trust by 0.9% during the 3rd quarter. Uncommon Cents Investing LLC now owns 182,662 shares of the financial services provider’s stock worth $1,469,000 after buying an additional 1,647 shares in the last quarter. Shaker Financial Services LLC raised its position in shares of Franklin Universal Trust by 106.6% during the 2nd quarter. Shaker Financial Services LLC now owns 70,883 shares of the financial services provider’s stock worth $540,000 after buying an additional 36,570 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of Franklin Universal Trust by 2.3% in the 2nd quarter. Raymond James Financial Inc. now owns 63,780 shares of the financial services provider’s stock worth $486,000 after acquiring an additional 1,455 shares during the period.

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.