Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Announces $0.06 Monthly Dividend

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) announced a monthly dividend on Tuesday, July 14th. Investors of record on Wednesday, September 23rd will be paid a dividend of 0.0615 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 12.7%. The ex-dividend date of this dividend is Wednesday, September 23rd.

Franklin Limited Duration Income Trust Price Performance

Shares of Franklin Limited Duration Income Trust stock opened at $5.82 on Wednesday. Franklin Limited Duration Income Trust has a 12 month low of $5.70 and a 12 month high of $6.53. The business has a fifty day simple moving average of $5.83 and a two-hundred day simple moving average of $5.97.

Franklin Limited Duration Income Trust Company Profile

Franklin Limited Duration Income Trust (NYSE American: FTF) is a diversified, closed-end management investment company that seeks to provide current income while maintaining a limited interest-rate risk profile. The trust primarily invests in a portfolio of investment-grade fixed-income securities, including corporate bonds, U.S. government and agency obligations, mortgage-backed securities and asset-backed securities. By concentrating on higher-quality credits, the fund aims to deliver a steady stream of income while moderating the impact of rising or volatile interest rates on its net asset value.

To manage duration risk, FTF maintains a target portfolio duration that is shorter than that of broad bond-market indices, typically ranging between two and five years.