Franklin Universal Trust (NYSE:FT) Announces Monthly Dividend of $0.04

Franklin Universal Trust (NYSE:FT) declared a monthly dividend on Tuesday, January 13th. Stockholders of record on Friday, February 20th will be given 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 6.3%. The ex-dividend date is Friday, February 20th.

Franklin Universal Trust Stock Up 0.4%

Shares of FT traded up $0.03 during mid-day trading on Wednesday, hitting $8.07. The company’s stock had a trading volume of 611 shares, compared to its average volume of 36,676. Franklin Universal Trust has a 1-year low of $6.71 and a 1-year high of $8.20. The firm has a 50-day simple moving average of $7.99 and a 200 day simple moving average of $7.94.

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.