Franklin Limited Duration Income Trust (FTF) to Distribute Monthly Dividend of $0.06 on August 31st

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) announced a monthly dividend on Tuesday, July 14th. Stockholders of record on Monday, August 24th will be given a dividend of 0.0615 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date is Monday, August 24th.

Franklin Limited Duration Income Trust Price Performance

Shares of NYSEAMERICAN:FTF opened at $5.78 on Friday. The business’s 50 day simple moving average is $5.80 and its 200-day simple moving average is $5.90. Franklin Limited Duration Income Trust has a 12 month low of $5.68 and a 12 month high of $6.52.

Institutional Trading of Franklin Limited Duration Income Trust

Large investors have recently bought and sold shares of the company. Uniting Wealth Partners LLC acquired a new position in shares of Franklin Limited Duration Income Trust during the 2nd quarter worth $58,000. BlackDiamond Wealth Management LLC acquired a new position in Franklin Limited Duration Income Trust during the fourth quarter worth about $63,000. Stephens Inc. AR acquired a new position in Franklin Limited Duration Income Trust during the fourth quarter worth about $68,000. Global Retirement Partners LLC purchased a new stake in shares of Franklin Limited Duration Income Trust in the fourth quarter valued at about $89,000. Finally, Integrity Advisory Solutions LLC lifted its holdings in shares of Franklin Limited Duration Income Trust by 17.1% in the fourth quarter. Integrity Advisory Solutions LLC now owns 18,404 shares of the company’s stock valued at $113,000 after purchasing an additional 2,684 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.