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

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) declared a monthly dividend on Tuesday, July 14th. Stockholders of record on Friday, July 24th will be paid a dividend of 0.0615 per share on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 12.7%. The ex-dividend date is Friday, July 24th.

Franklin Limited Duration Income Trust Stock Performance

NYSEAMERICAN FTF opened at $5.82 on Wednesday. The firm has a 50-day moving average of $5.83 and a 200-day moving average of $5.97. Franklin Limited Duration Income Trust has a 52-week low of $5.70 and a 52-week high of $6.53.

Institutional Investors Weigh In On Franklin Limited Duration Income Trust

A number of institutional investors have recently made changes to their positions in FTF. Bank of America Corp DE grew its position in shares of Franklin Limited Duration Income Trust by 5.4% in the first quarter. Bank of America Corp DE now owns 192,927 shares of the company’s stock valued at $1,125,000 after purchasing an additional 9,928 shares during the last quarter. Royal Bank of Canada lifted its holdings in Franklin Limited Duration Income Trust by 3.9% during the 1st quarter. Royal Bank of Canada now owns 68,163 shares of the company’s stock worth $397,000 after purchasing an additional 2,538 shares during the last quarter. Cetera Investment Advisers boosted its stake in Franklin Limited Duration Income Trust by 2.9% in the 1st quarter. Cetera Investment Advisers now owns 182,843 shares of the company’s stock valued at $1,066,000 after purchasing an additional 5,210 shares during the period. Procyon Advisors LLC grew its holdings in Franklin Limited Duration Income Trust by 83.2% in the 1st quarter. Procyon Advisors LLC now owns 19,819 shares of the company’s stock valued at $116,000 after buying an additional 9,000 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in Franklin Limited Duration Income Trust by 59.4% in the 1st quarter. International Assets Investment Management LLC now owns 126,111 shares of the company’s stock valued at $736,000 after buying an additional 47,011 shares in the last quarter.

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.