Franklin Universal Trust (NYSE:FT - Get Free Report) declared a monthly dividend on Monday, June 9th, Wall Street Journal reports. Stockholders of record on Monday, June 16th will be paid a dividend of 0.0425 per share by the financial services provider on Monday, June 30th. This represents a $0.51 annualized dividend and a dividend yield of 6.76%. The ex-dividend date of this dividend is Monday, June 16th.
Franklin Universal Trust Stock Performance
Franklin Universal Trust stock traded up $0.05 during trading on Thursday, reaching $7.54. 42,990 shares of the company were exchanged, compared to its average volume of 42,744. The stock's 50 day simple moving average is $7.36 and its two-hundred day simple moving average is $7.46. Franklin Universal Trust has a 52-week low of $6.68 and a 52-week high of $7.80.
Institutional Investors Weigh In On Franklin Universal Trust
A hedge fund recently bought a new stake in Franklin Universal Trust stock. Goldman Sachs Group Inc. purchased a new stake in shares of Franklin Universal Trust (NYSE:FT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 15,487 shares of the financial services provider's stock, valued at approximately $117,000. Goldman Sachs Group Inc. owned 0.06% of Franklin Universal Trust as of its most recent filing with the SEC.
About Franklin Universal Trust
(
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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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