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

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) announced a monthly dividend on Monday, March 10th, Wall Street Journal reports. Shareholders of record on Monday, March 17th will be given a dividend of 0.0615 per share on Monday, March 31st. This represents a $0.74 dividend on an annualized basis and a dividend yield of 11.31%. The ex-dividend date is Monday, March 17th.

Franklin Limited Duration Income Trust has raised its dividend by an average of 2.9% per year over the last three years.

Franklin Limited Duration Income Trust Price Performance

Shares of NYSEAMERICAN:FTF traded down $0.04 during midday trading on Monday, reaching $6.53. 126,109 shares of the company’s stock traded hands, compared to its average volume of 192,837. Franklin Limited Duration Income Trust has a one year low of $6.08 and a one year high of $6.83. The stock’s 50 day moving average price is $6.52.

Franklin Limited Duration Income Trust Company Profile

Franklin Limited Duration Income Trust is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc The fund is managed by Franklin Advisers, Inc It invests in the fixed income markets of the United States. The fund primarily invests in mortgage-backed securities, asset-backed securities, floating rate bank loans, and high yield corporate bonds.