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

Franklin Universal Trust (NYSE:FT - Get Free Report) declared a monthly dividend on Wednesday, July 9th, Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a dividend yield of 6.62%. The ex-dividend date of this dividend is Friday, July 18th.

Franklin Universal Trust Stock Up 0.3%

Shares of NYSE FT traded up $0.03 during midday trading on Friday, reaching $7.71. 101,416 shares of the company traded hands, compared to its average volume of 42,940. The stock's 50-day simple moving average is $7.51 and its 200-day simple moving average is $7.46. Franklin Universal Trust has a 12 month low of $6.71 and a 12 month high of $7.80.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Franklin Universal Trust stock. Goldman Sachs Group Inc. acquired a new position in Franklin Universal Trust (NYSE:FT - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 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 SEC filing.

Franklin Universal Trust Company Profile

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.