Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF – Get Free Report) announced a monthly dividend on Wednesday, May 8th, Wall Street Journal reports. Investors of record on Friday, May 17th will be paid a dividend of 0.0615 per share on Friday, May 31st. This represents a $0.74 dividend on an annualized basis and a dividend yield of 11.81%. The ex-dividend date of this dividend is Thursday, May 16th.
Franklin Limited Duration Income Trust has increased its dividend payment by an average of 9.2% annually over the last three years and has raised its dividend annually for the last 1 consecutive years.
Franklin Limited Duration Income Trust Price Performance
FTF stock traded down $0.03 during midday trading on Wednesday, hitting $6.25. The company’s stock had a trading volume of 146,323 shares, compared to its average volume of 162,501. Franklin Limited Duration Income Trust has a 1 year low of $5.76 and a 1 year high of $6.56.
About Franklin Limited Duration Income Trust
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.
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