Franklin Universal Trust (NYSE:FT) Announces $0.04 Monthly Dividend

Key Points

• Franklin Universal Trust has declared a monthly dividend of $0.04 per share, with an annualized yield of 6.4%.
• The ex-dividend date for this payment is set for August 18th, with payouts to be made on August 29th.
• Recent trading saw the stock reach $8.02, reflecting a notable increase compared to its 50-day moving average of $7.65.

Franklin Universal Trust (NYSE:FT - Get Free Report) declared a monthly dividend on Friday, August 8th, Wall Street Journal reports. Shareholders of record on Monday, August 18th will be paid a dividend of 0.0425 per share by the financial services provider on Friday, August 29th. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend is Monday, August 18th.

Franklin Universal Trust Price Performance

Shares of FT traded up $0.01 during midday trading on Wednesday, reaching $8.02. 4,480 shares of the stock were exchanged, compared to its average volume of 42,364. Franklin Universal Trust has a 52 week low of $6.71 and a 52 week high of $8.07. The company's 50 day moving average is $7.68 and its two-hundred day moving average is $7.53.

About Franklin Universal Trust

Franklin Universal Trust is a closed-ended balanced mutual fund launched by Franklin Resources, Inc The fund is managed by Franklin Advisers, Inc It invests in the public equity and fixed income markets of the United States. The fund invests in companies operating in utility sector. It employs fundamental analysis to invest in a diversified portfolio of corporate bonds and dividend paying utility stocks.