Franklin Limited Duration Income Trust (FTF) to Issue Monthly Dividend of $0.06 on May 29th

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) declared a monthly dividend on Monday, April 13th. Stockholders of record on Thursday, May 21st will be paid a dividend of 0.0615 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 12.4%. The ex-dividend date is Thursday, May 21st.

Franklin Limited Duration Income Trust Stock Performance

Shares of FTF opened at $5.97 on Wednesday. The company’s 50 day simple moving average is $6.00 and its 200-day simple moving average is $6.11. Franklin Limited Duration Income Trust has a 12-month low of $5.70 and a 12-month high of $6.55.

Franklin Limited Duration Income Trust Company Profile

Franklin Limited Duration Income Trust (NYSE American: FTF) is a diversified, closed-end management investment company that seeks to provide current income while maintaining a limited interest-rate risk profile. The trust primarily invests in a portfolio of investment-grade fixed-income securities, including corporate bonds, U.S. government and agency obligations, mortgage-backed securities and asset-backed securities. By concentrating on higher-quality credits, the fund aims to deliver a steady stream of income while moderating the impact of rising or volatile interest rates on its net asset value.

To manage duration risk, FTF maintains a target portfolio duration that is shorter than that of broad bond-market indices, typically ranging between two and five years.