Franklin Universal Trust (NYSE:FT – Get Free Report) declared a monthly dividend on Monday, April 13th. Shareholders of record on Thursday, April 23rd will be paid a dividend of 0.0425 per share by the financial services provider on Thursday, April 30th. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date is Thursday, April 23rd.
Franklin Universal Trust Trading Down 0.3%
Shares of NYSE:FT opened at $8.24 on Tuesday. The business’s 50 day simple moving average is $8.16 and its two-hundred day simple moving average is $8.07. Franklin Universal Trust has a 52-week low of $7.11 and a 52-week high of $8.35.
About Franklin Universal Trust
Franklin Universal Trust (NYSE: FT) is a closed-end management investment company organized under Maryland law and managed by Franklin Templeton. The trust seeks to provide a high level of current income with a secondary objective of capital appreciation. It issues common shares that trade on the New York Stock Exchange, offering investors access to a diversified portfolio of income-oriented credit instruments.
The fund’s core strategy focuses on senior secured floating-rate bank loans, which typically adjust their interest rates in line with market benchmarks.
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