Franklin Universal Trust (FT) to Distribute Monthly Dividend of $0.04 on February 28th

Franklin Universal Trust (NYSE:FT) announced a monthly dividend on Friday, February 7th,Wall Street Journal reports. Stockholders of record on Tuesday, February 18th will be given a dividend of 0.0425 per share by the financial services provider on Friday, February 28th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 6.71%. The ex-dividend date of this dividend is Tuesday, February 18th.

Franklin Universal Trust has decreased its dividend by an average of 1.9% per year over the last three years.

Franklin Universal Trust Stock Down 0.1 %

Franklin Universal Trust stock opened at $7.60 on Friday. Franklin Universal Trust has a 1-year low of $6.34 and a 1-year high of $7.80. The company has a fifty day simple moving average of $7.45 and a 200 day simple moving average of $7.43.

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.