Franklin Universal Trust (NYSE:FT – Get Free Report) declared a monthly dividend on Monday, April 13th. Investors of record on Tuesday, June 23rd will be paid a dividend of 0.0425 per share by the financial services provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date is Tuesday, June 23rd.
Franklin Universal Trust Trading Up 0.2%
Shares of FT stock opened at $8.03 on Friday. Franklin Universal Trust has a fifty-two week low of $7.43 and a fifty-two week high of $8.35. The business’s 50 day moving average price is $8.08 and its 200-day moving average price is $8.09.
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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