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

Franklin Universal Trust (NYSE:FT) declared a monthly dividend on Tuesday, January 13th. Investors of record on Tuesday, March 24th will be given a dividend of 0.0425 per share by the financial services provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Tuesday, March 24th.

Franklin Universal Trust Stock Performance

FT traded up $0.01 during trading on Wednesday, hitting $8.08. The stock had a trading volume of 2,473 shares, compared to its average volume of 36,886. Franklin Universal Trust has a twelve month low of $6.71 and a twelve month high of $8.20. The company’s 50-day moving average price is $7.99 and its 200 day moving average price is $7.94.

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.