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

Franklin Universal Trust (NYSE:FT) declared a monthly dividend on Wednesday, January 8th,Wall Street Journal reports. Stockholders of record on Tuesday, January 21st will be paid a dividend of 0.0425 per share by the financial services provider on Friday, January 31st. This represents a $0.51 annualized dividend and a dividend yield of 6.96%. The ex-dividend date is Tuesday, January 21st.

Franklin Universal Trust has increased its dividend payment by an average of 0.2% per year over the last three years.

Franklin Universal Trust Stock Performance

Franklin Universal Trust stock traded up $0.01 during midday trading on Thursday, hitting $7.33. 20,389 shares of the stock were exchanged, compared to its average volume of 54,798. Franklin Universal Trust has a 1 year low of $6.34 and a 1 year high of $7.80. The company has a 50 day moving average price of $7.50 and a two-hundred day moving average price of $7.31.

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.