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

Franklin Universal Trust logo with Finance background
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Key Points

  • Franklin Universal Trust declared a monthly dividend of $0.0425 per share; shareholders of record on April 23 will be paid on April 30, representing an annualized yield of 6.2% (ex-dividend date April 23).
  • The closed-end fund is managed by Franklin Templeton and primarily invests in senior secured floating-rate bank loans to target a high level of current income with some capital appreciation.
  • Shares opened at $8.24 and are trading near their 50- and 200-day moving averages (~$8.16 and $8.07), with a 52-week range of $7.11 to $8.35.
  • Interested in Franklin Universal Trust? Here are five stocks we like better.

Franklin Universal Trust (NYSE:FT - Get Free Report) declared a monthly dividend on Monday, April 13th. Shareholders of record on Thursday, April 23rd will be paid a dividend of 0.0425 per share by the financial services provider on Thursday, April 30th. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date is Thursday, April 23rd.

Franklin Universal Trust Trading Down 0.3%

Shares of NYSE:FT opened at $8.24 on Tuesday. The business's 50 day simple moving average is $8.16 and its two-hundred day simple moving average is $8.07. Franklin Universal Trust has a 52-week low of $7.11 and a 52-week high of $8.35.

About Franklin Universal Trust

(Get Free Report)

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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Dividend History for Franklin Universal Trust (NYSE:FT)

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