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

Franklin Universal Trust (NYSE:FT) declared a monthly dividend on Monday, September 9th, Wall Street Journal reports. Stockholders of record on Thursday, September 19th will be paid a dividend of 0.0425 per share by the financial services provider on Monday, September 30th. This represents a $0.51 annualized dividend and a dividend yield of 6.78%. The ex-dividend date of this dividend is Thursday, September 19th.

Franklin Universal Trust has increased its dividend by an average of 9.9% annually over the last three years.

Franklin Universal Trust Stock Performance

Shares of FT opened at $7.52 on Wednesday. The company’s fifty day moving average is $7.11 and its 200-day moving average is $6.83. Franklin Universal Trust has a 12 month low of $5.97 and a 12 month high of $7.53.

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.