Franklin Universal Trust (NYSE:FT – Get Free Report) declared a monthly dividend on Tuesday, July 14th. Investors of record on Friday, July 24th will be paid a dividend of 0.0425 per share by the financial services provider on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, July 24th.
Franklin Universal Trust Stock Performance
Shares of NYSE:FT opened at $8.08 on Thursday. The business has a 50-day moving average of $8.03 and a two-hundred day moving average of $8.10. Franklin Universal Trust has a 12 month low of $7.71 and a 12 month high of $8.35.
Franklin Universal Trust Company Profile
Franklin Universal Trust (NYSE: FT) is a closed-end management investment company organized under Maryland law and managed by Franklin Templeton. The trust seeks to provide a high level of current income with a secondary objective of capital appreciation. It issues common shares that trade on the New York Stock Exchange, offering investors access to a diversified portfolio of income-oriented credit instruments.
The fund’s core strategy focuses on senior secured floating-rate bank loans, which typically adjust their interest rates in line with market benchmarks.
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