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

Key Points

• Franklin Universal Trust (NYSE:FT) declared a monthly dividend of $0.0425 per share, payable June 30 to shareholders of record June 23, representing an annualized yield of 6.2%.
• The trust is a closed-end fund managed by Franklin Templeton that aims for high current income with secondary capital appreciation by investing primarily in senior secured floating-rate bank loans.
• Shares recently opened at $8.24 and trade in a 12‑month range of $7.11–$8.35, with a 50‑day moving average of $8.16 and a 200‑day moving average of $8.07.

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

Franklin Universal Trust Stock Performance

Shares of FT opened at $8.24 on Tuesday. Franklin Universal Trust has a 12 month low of $7.11 and a 12 month high of $8.35. The company has a 50-day moving average price of $8.16 and a two-hundred day moving average price of $8.07.

Franklin Universal Trust Company Profile

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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