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

Franklin Universal Trust (NYSE:FT) announced a monthly dividend on Wednesday, May 8th, Wall Street Journal reports. Stockholders of record on Friday, May 17th will be given a dividend of 0.0425 per share by the financial services provider on Friday, May 31st. This represents a $0.51 annualized dividend and a dividend yield of 7.54%. The ex-dividend date of this dividend is Thursday, May 16th.

Franklin Universal Trust has raised its dividend payment by an average of 9.9% per year over the last three years.

Franklin Universal Trust Stock Up 0.3 %

Shares of FT opened at $6.76 on Thursday. The stock’s fifty day simple moving average is $6.56 and its 200 day simple moving average is $6.51. Franklin Universal Trust has a twelve month low of $5.97 and a twelve month high of $7.06.

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.