Franklin Universal Trust (NYSE:FT – Get Free Report) announced a monthly dividend on Tuesday, July 14th. Stockholders of record on Monday, August 24th will be paid a dividend of 0.0425 per share by the financial services provider on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Monday, August 24th.
Franklin Universal Trust Price Performance
FT opened at $8.08 on Thursday. The firm has a 50 day moving average price of $8.03 and a 200-day moving average price of $8.10. Franklin Universal Trust has a twelve month low of $7.71 and a twelve month high of $8.35.
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.
Recommended Stories
- Five stocks we like better than Franklin Universal Trust
- Why Johnson & Johnson’s Earnings Dip Looks Like a Buying Opportunity
- CPI Comes In Cool: Why It Could Revive These 3 Rate-Sensitive Stocks
- Why ASML’s AI Monopoly Is Still Getting Stronger
- Apple’s AI Toll Booth Thesis Faces Its Biggest Test Yet Before Earnings
Receive News & Ratings for Franklin Universal Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Universal Trust and related companies with MarketBeat.com's FREE daily email newsletter.
