Franklin Universal Trust (NYSE:FT – Get Free Report) declared a monthly dividend on Tuesday, January 13th. Stockholders of record on Friday, February 20th will be paid a dividend of 0.0425 per share by the financial services provider on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, February 20th.
Franklin Universal Trust Trading Up 0.1%
NYSE FT opened at $8.27 on Wednesday. Franklin Universal Trust has a 52 week low of $6.71 and a 52 week high of $8.35. The company has a 50 day moving average price of $8.05 and a 200 day moving average price of $8.01.
Franklin Universal Trust Company Profile
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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