Franklin Universal Trust (NYSE:FT) to Issue Oct 25 Dividend of $0.04

Key Points

• Franklin Universal Trust (NYSE:FT) will issue a dividend of $0.0425 per share on October 31st for investors of record as of October 17th.
• The stock price of Franklin Universal Trust rose by 0.4% to $8.03 during trading, with a trading volume of 39,934 shares, slightly below its average of 43,806 shares.
• The fund invests in the public equity and fixed income markets, focusing primarily on dividend-paying utility stocks and corporate bonds.

Franklin Universal Trust (NYSE:FT - Get Free Report) announced a oct 25 dividend on Tuesday, October 7th, RTT News reports. Investors of record on Friday, October 17th will be paid a dividend of 0.0425 per share by the financial services provider on Friday, October 31st. The ex-dividend date is Friday, October 17th.

Franklin Universal Trust Trading Up 0.4%

NYSE FT traded up $0.04 during trading hours on Tuesday, hitting $8.03. 39,934 shares of the company's stock were exchanged, compared to its average volume of 43,806. The stock has a 50-day simple moving average of $7.93 and a 200 day simple moving average of $7.63. Franklin Universal Trust has a 1-year low of $6.71 and a 1-year high of $8.08.

About Franklin Universal Trust

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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