Franklin Universal Trust (FT) to Issue Monthly Dividend of $0.04 on October 30th

Franklin Universal Trust (NYSE:FT) announced a monthly dividend on Tuesday, October 13th. Stockholders of record on Friday, October 23rd will be given a dividend of $0.0425 per share by the financial services provider on Friday, October 30th. This represents a $0.51 annualized dividend and a dividend yield of 7.1%. The ex-dividend date is Friday, October 23rd.

Franklin Universal Trust Price Performance

Shares of FT opened at $7.22 on Wednesday. The company’s fifty day moving average is $7.44 and its two-hundred day moving average is $7.84. Franklin Universal Trust has a 1 year low of $6.95 and a 1 year high of $8.35.

Hedge Funds Weigh In On Franklin Universal Trust

An institutional investor recently bought a new position in Franklin Universal Trust stock. Independent Financial Group LLC acquired a new stake in Franklin Universal Trust (NYSE:FT) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,362 shares of the financial services provider’s stock, valued at approximately $99,000.

Franklin Universal Trust Company Profile

Franklin Universal Trust is a diversified closed-end investment company listed on the New York Stock Exchange under the symbol FT. The fund seeks to provide a high level of current income while also pursuing capital appreciation through investments in a range of debt and equity securities.

The trust has historically emphasized securities issued by companies in utility-related industries, including electric, gas, telecommunications and other infrastructure businesses. Its portfolio may include common and preferred stocks, corporate bonds and other income-producing investments, allowing the fund to participate in both equity and fixed-income markets.

Franklin Universal Trust is managed by Franklin Advisers, Inc, an affiliate of Franklin Resources, Inc, which operates under the Franklin Templeton brand.