Franklin Universal Trust (NYSE:FT – Get Free Report) declared a monthly dividend on Tuesday, July 14th. Stockholders of record on Wednesday, September 23rd will be paid a dividend of 0.0425 per share by the financial services provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Wednesday, September 23rd.
Franklin Universal Trust Stock Performance
Shares of Franklin Universal Trust stock opened at $8.08 on Thursday. Franklin Universal Trust has a one year low of $7.71 and a one year high of $8.35. The stock’s 50-day moving average is $8.03 and its 200 day moving average is $8.10.
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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