Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF – Get Free Report) announced a monthly dividend on Tuesday, September 10th, Wall Street Journal reports. Shareholders of record on Thursday, September 19th will be given a dividend of 0.0615 per share on Monday, September 30th. This represents a $0.74 annualized dividend and a yield of 11.10%. The ex-dividend date of this dividend is Thursday, September 19th.
Franklin Limited Duration Income Trust has increased its dividend by an average of 9.2% annually over the last three years.
Franklin Limited Duration Income Trust Stock Performance
FTF traded up $0.01 during midday trading on Tuesday, hitting $6.65. The company had a trading volume of 183,470 shares, compared to its average volume of 191,396. Franklin Limited Duration Income Trust has a twelve month low of $5.76 and a twelve month high of $6.75.
Franklin Limited Duration Income Trust Company Profile
Franklin Limited Duration Income Trust is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc The fund is managed by Franklin Advisers, Inc It invests in the fixed income markets of the United States. The fund primarily invests in mortgage-backed securities, asset-backed securities, floating rate bank loans, and high yield corporate bonds.
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