Franklin Universal Trust (NYSE:FT – Get Free Report) announced a monthly dividend on Friday, March 7th, Wall Street Journal reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.0425 per share by the financial services provider on Monday, March 31st. This represents a $0.51 annualized dividend and a dividend yield of 6.73%. The ex-dividend date of this dividend is Monday, March 17th.
Franklin Universal Trust has decreased its dividend payment by an average of 1.9% per year over the last three years.
Franklin Universal Trust Stock Performance
FT stock opened at $7.58 on Friday. The stock’s fifty day simple moving average is $7.52 and its 200-day simple moving average is $7.50. Franklin Universal Trust has a 52-week low of $6.34 and a 52-week high of $7.80.
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.
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