Franklin Universal Trust (FT) To Go Ex-Dividend on July 18th

Franklin Universal Trust (NYSE:FTGet Free Report) declared a monthly dividend on Monday, July 8th, Wall Street Journal reports. Stockholders of record on Thursday, July 18th will be given a dividend of 0.0425 per share by the financial services provider on Wednesday, July 31st. This represents a $0.51 dividend on an annualized basis and a dividend yield of 7.45%. The ex-dividend date of this dividend is Thursday, July 18th.

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

Franklin Universal Trust Stock Performance

FT stock opened at $6.85 on Wednesday. Franklin Universal Trust has a 1 year low of $5.97 and a 1 year high of $7.06. The stock’s fifty day moving average price is $6.80 and its 200-day moving average price is $6.63.

Franklin Universal Trust Company Profile

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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.

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Dividend History for Franklin Universal Trust (NYSE:FT)

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