Franklin Limited Duration Income Trust (FTF) To Go Ex-Dividend on March 24th

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) announced a monthly dividend on Tuesday, January 13th. Stockholders of record on Tuesday, March 24th will be given a dividend of 0.0615 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 11.8%. The ex-dividend date of this dividend is Tuesday, March 24th.

Franklin Limited Duration Income Trust Stock Up 0.5%

Shares of NYSEAMERICAN:FTF opened at $6.23 on Thursday. The business has a fifty day simple moving average of $6.11 and a 200-day simple moving average of $6.28. Franklin Limited Duration Income Trust has a 52 week low of $5.57 and a 52 week high of $6.71.

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.