Franklin Limited Duration Income Trust (FTF) To Go Ex-Dividend on June 23rd

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) announced a monthly dividend on Monday, April 13th. Shareholders of record on Tuesday, June 23rd will be given a dividend of 0.0615 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 12.7%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Franklin Limited Duration Income Trust Stock Performance

Franklin Limited Duration Income Trust stock opened at $5.82 on Friday. Franklin Limited Duration Income Trust has a one year low of $5.70 and a one year high of $6.55. The stock has a fifty day moving average of $5.87 and a 200 day moving average of $6.01.

About Franklin Limited Duration Income Trust

Franklin Limited Duration Income Trust (NYSE American: FTF) is a diversified, closed-end management investment company that seeks to provide current income while maintaining a limited interest-rate risk profile. The trust primarily invests in a portfolio of investment-grade fixed-income securities, including corporate bonds, U.S. government and agency obligations, mortgage-backed securities and asset-backed securities. By concentrating on higher-quality credits, the fund aims to deliver a steady stream of income while moderating the impact of rising or volatile interest rates on its net asset value.

To manage duration risk, FTF maintains a target portfolio duration that is shorter than that of broad bond-market indices, typically ranging between two and five years.