Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) to Issue Monthly Dividend of $0.06

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) announced a monthly dividend on Friday, December 5th. Shareholders of record on Monday, December 15th will be given a dividend of 0.0615 per share on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 12.1%. The ex-dividend date of this dividend is Monday, December 15th.

Franklin Limited Duration Income Trust Trading Down 0.7%

Shares of NYSEAMERICAN FTF traded down $0.04 during trading on Friday, reaching $6.09. The company had a trading volume of 144,641 shares, compared to its average volume of 182,752. Franklin Limited Duration Income Trust has a 52 week low of $5.57 and a 52 week high of $6.75. The business’s 50 day moving average price is $6.16 and its 200-day moving average price is $6.33.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. D.A. Davidson & CO. acquired a new stake in shares of Franklin Limited Duration Income Trust during the 2nd quarter worth approximately $98,000. Creative Financial Designs Inc. ADV boosted its stake in Franklin Limited Duration Income Trust by 67.1% in the second quarter. Creative Financial Designs Inc. ADV now owns 56,408 shares of the company’s stock valued at $362,000 after acquiring an additional 22,650 shares during the last quarter. Cetera Investment Advisers grew its holdings in Franklin Limited Duration Income Trust by 61.3% during the 1st quarter. Cetera Investment Advisers now owns 75,404 shares of the company’s stock worth $487,000 after acquiring an additional 28,657 shares during the period. Penserra Capital Management LLC grew its holdings in Franklin Limited Duration Income Trust by 3.0% during the 2nd quarter. Penserra Capital Management LLC now owns 1,108,227 shares of the company’s stock worth $7,114,000 after acquiring an additional 32,741 shares during the period. Finally, Kingsview Wealth Management LLC bought a new stake in shares of Franklin Limited Duration Income Trust during the 2nd quarter valued at $173,000.

Franklin Limited Duration Income Trust Company Profile

Franklin Limited Duration Income Trust is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc The fund is managed by Franklin Advisers, Inc It invests in the fixed income markets of the United States. The fund primarily invests in mortgage-backed securities, asset-backed securities, floating rate bank loans, and high yield corporate bonds.