Franklin Limited Duration Income Trust (FTF) To Go Ex-Dividend on May 21st

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) announced a monthly dividend on Monday, April 13th. Investors of record on Thursday, May 21st will be given a dividend of 0.0615 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 12.6%. The ex-dividend date of this dividend is Thursday, May 21st.

Franklin Limited Duration Income Trust Stock Performance

Franklin Limited Duration Income Trust stock opened at $5.84 on Tuesday. Franklin Limited Duration Income Trust has a 1 year low of $5.70 and a 1 year high of $6.55. The firm has a 50 day moving average price of $5.89 and a 200 day moving average price of $6.05.

Institutional Investors Weigh In On Franklin Limited Duration Income Trust

A number of institutional investors have recently bought and sold shares of the stock. Baird Financial Group Inc. grew its holdings in Franklin Limited Duration Income Trust by 1.8% in the second quarter. Baird Financial Group Inc. now owns 91,674 shares of the company’s stock valued at $589,000 after purchasing an additional 1,581 shares during the period. Royal Bank of Canada grew its stake in Franklin Limited Duration Income Trust by 2.6% during the fourth quarter. Royal Bank of Canada now owns 65,625 shares of the company’s stock worth $404,000 after buying an additional 1,642 shares during the period. Accredited Investor Services LLC grew its stake in Franklin Limited Duration Income Trust by 10.4% during the fourth quarter. Accredited Investor Services LLC now owns 22,819 shares of the company’s stock worth $140,000 after buying an additional 2,156 shares during the period. Wolverine Asset Management LLC grew its stake in Franklin Limited Duration Income Trust by 27.6% during the third quarter. Wolverine Asset Management LLC now owns 11,182 shares of the company’s stock worth $71,000 after buying an additional 2,420 shares during the period. Finally, Moors & Cabot Inc. grew its stake in Franklin Limited Duration Income Trust by 13.2% during the third quarter. Moors & Cabot Inc. now owns 21,500 shares of the company’s stock worth $137,000 after buying an additional 2,500 shares during the period.

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.