Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Declares Monthly Dividend of $0.06

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) declared a monthly dividend on Tuesday, January 13th. Stockholders of record on Tuesday, March 24th will be paid a dividend of 0.0615 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 11.9%. The ex-dividend date of this dividend is Tuesday, March 24th.

Franklin Limited Duration Income Trust Stock Up 0.2%

NYSEAMERICAN:FTF traded up $0.02 during mid-day trading on Wednesday, hitting $6.22. The stock had a trading volume of 56,862 shares, compared to its average volume of 166,143. The stock has a 50-day simple moving average of $6.11 and a two-hundred day simple moving average of $6.28. Franklin Limited Duration Income Trust has a twelve month low of $5.57 and a twelve month high of $6.71.

About Franklin Limited Duration Income Trust

Franklin Limited Duration Income Trust (NYSE American: FTF) is a diversified, closed-end management investment company that seeks to provide current income while maintaining a limited interest-rate risk profile. The trust primarily invests in a portfolio of investment-grade fixed-income securities, including corporate bonds, U.S. government and agency obligations, mortgage-backed securities and asset-backed securities. By concentrating on higher-quality credits, the fund aims to deliver a steady stream of income while moderating the impact of rising or volatile interest rates on its net asset value.

To manage duration risk, FTF maintains a target portfolio duration that is shorter than that of broad bond-market indices, typically ranging between two and five years.