Franklin Limited Duration Income Trust Plans Monthly Dividend of $0.06 (NYSEAMERICAN:FTF)

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) declared a monthly dividend on Thursday, January 9th,Wall Street Journal reports. Stockholders of record on Tuesday, January 21st will be given a dividend of 0.0615 per share on Friday, January 31st. This represents a $0.74 annualized dividend and a dividend yield of 11.08%. The ex-dividend date is Tuesday, January 21st.

Franklin Limited Duration Income Trust has increased its dividend payment by an average of 9.2% annually over the last three years.

Franklin Limited Duration Income Trust Stock Performance

FTF stock traded up $0.07 on Thursday, hitting $6.66. The company had a trading volume of 178,521 shares, compared to its average volume of 141,924. Franklin Limited Duration Income Trust has a 12-month low of $6.08 and a 12-month high of $6.83.

Franklin Limited Duration Income Trust Company Profile

Franklin Limited Duration Income Trust is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc The fund is managed by Franklin Advisers, Inc It invests in the fixed income markets of the United States. The fund primarily invests in mortgage-backed securities, asset-backed securities, floating rate bank loans, and high yield corporate bonds.