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

Franklin Universal Trust logo with Finance background

Franklin Universal Trust (NYSE:FT - Get Free Report) declared a monthly dividend on Wednesday, July 9th, Wall Street Journal reports. Investors of record on Friday, July 18th will be paid a dividend of 0.0425 per share by the financial services provider on Thursday, July 31st. This represents a $0.51 annualized dividend and a yield of 6.63%. The ex-dividend date of this dividend is Friday, July 18th.

Franklin Universal Trust Stock Performance

FT stock traded down $0.05 on Thursday, hitting $7.69. 28,715 shares of the company were exchanged, compared to its average volume of 42,704. Franklin Universal Trust has a twelve month low of $6.71 and a twelve month high of $7.80. The business's fifty day moving average is $7.51 and its two-hundred day moving average is $7.45.

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. acquired a new position in Franklin Universal Trust (NYSE:FT - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,487 shares of the financial services provider's stock, valued at approximately $117,000. Goldman Sachs Group Inc. owned approximately 0.06% of Franklin Universal Trust as of its most recent SEC filing.

About Franklin Universal Trust

(Get Free Report)

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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Dividend History for Franklin Universal Trust (NYSE:FT)

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