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

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. 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 annualized dividend and a yield of 6.61%. The ex-dividend date of this dividend is Friday, July 18th.

Franklin Universal Trust Stock Up 1.6%

Shares of NYSE FT traded up $0.12 during mid-day trading on Wednesday, hitting $7.71. The company had a trading volume of 103,493 shares, compared to its average volume of 42,792. Franklin Universal Trust has a 1-year low of $6.71 and a 1-year high of $7.80. The business's 50-day simple moving average is $7.50 and its 200 day simple moving average is $7.45.

Institutional Investors Weigh In On Franklin Universal Trust

An institutional investor recently bought a new position in Franklin Universal Trust stock. Goldman Sachs Group Inc. acquired a new stake in Franklin Universal Trust (NYSE:FT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Franklin Universal Trust Company Profile

(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.

See Also

Dividend History for Franklin Universal Trust (NYSE:FT)

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