Franklin Universal Trust (NYSE:FT - Get Free Report) announced a monthly dividend on Monday, September 8th, Wall Street Journal reports. Shareholders of record on Thursday, September 18th will be paid a dividend of 0.0425 per share by the financial services provider on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend is Thursday, September 18th.
Franklin Universal Trust Stock Performance
Franklin Universal Trust stock traded up $0.02 during mid-day trading on Friday, reaching $7.97. The company had a trading volume of 28,073 shares, compared to its average volume of 42,121. Franklin Universal Trust has a fifty-two week low of $6.71 and a fifty-two week high of $8.07. The business has a fifty day simple moving average of $7.86 and a 200 day simple moving average of $7.59.
Franklin Universal Trust Company Profile
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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.
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