Franklin Universal Trust (NYSE:FT) to Issue Monthly Dividend of $0.04

Franklin Universal Trust (NYSE:FT) announced a monthly dividend on Tuesday, January 13th. Stockholders of record on Friday, January 23rd will be given a dividend of 0.0425 per share by the financial services provider on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Friday, January 23rd.

Franklin Universal Trust Trading Up 0.1%

Shares of Franklin Universal Trust stock opened at $8.05 on Wednesday. The stock has a 50-day simple moving average of $7.99 and a 200-day simple moving average of $7.94. Franklin Universal Trust has a 52-week low of $6.71 and a 52-week high of $8.20.

About Franklin Universal Trust

Franklin Universal Trust (NYSE: FT) is a closed-end management investment company organized under Maryland law and managed by Franklin Templeton. The trust seeks to provide a high level of current income with a secondary objective of capital appreciation. It issues common shares that trade on the New York Stock Exchange, offering investors access to a diversified portfolio of income-oriented credit instruments.

The fund’s core strategy focuses on senior secured floating-rate bank loans, which typically adjust their interest rates in line with market benchmarks.