Franklin Universal Trust (FT) to Issue Monthly Dividend of $0.04 on September 30th

Franklin Universal Trust (NYSE:FT) declared a monthly dividend on Monday, September 8th, Wall Street Journal reports. Shareholders of record on Thursday, September 18th will be given a dividend of 0.0425 per share by the financial services provider on Tuesday, September 30th. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend is Thursday, September 18th.

Franklin Universal Trust Stock Performance

Shares of NYSE:FT opened at $7.95 on Tuesday. Franklin Universal Trust has a twelve month low of $6.71 and a twelve month high of $8.07. The business has a fifty day moving average of $7.87 and a 200-day moving average of $7.59.

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.