Franklin Universal Trust (FT) to Issue Monthly Dividend of $0.04 on November 29th

Franklin Universal Trust (NYSE:FT) announced a monthly dividend on Thursday, November 7th,Wall Street Journal reports. Stockholders of record on Monday, November 18th will be paid a dividend of 0.0425 per share by the financial services provider on Friday, November 29th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 6.76%. The ex-dividend date is Monday, November 18th.

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

Franklin Universal Trust Stock Up 0.3 %

Shares of Franklin Universal Trust stock opened at $7.54 on Friday. The business’s fifty day simple moving average is $7.48 and its 200-day simple moving average is $7.09. Franklin Universal Trust has a 52 week low of $6.23 and a 52 week high of $7.65.

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.