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

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) declared a monthly dividend on Tuesday, July 14th. Investors of record on Wednesday, September 23rd will be paid a dividend of 0.0615 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 12.7%. The ex-dividend date of this dividend is Wednesday, September 23rd.

Franklin Limited Duration Income Trust Stock Up 0.3%

FTF stock opened at $5.82 on Wednesday. Franklin Limited Duration Income Trust has a 12-month low of $5.70 and a 12-month high of $6.53. The stock’s 50 day simple moving average is $5.83 and its 200 day simple moving average is $5.97.

Institutional Investors Weigh In On Franklin Limited Duration Income Trust

Institutional investors have recently modified their holdings of the business. BlackDiamond Wealth Management LLC purchased a new position in Franklin Limited Duration Income Trust in the 4th quarter worth about $63,000. Procyon Advisors LLC purchased a new stake in Franklin Limited Duration Income Trust in the fourth quarter worth approximately $67,000. Stephens Inc. AR bought a new stake in Franklin Limited Duration Income Trust in the 4th quarter worth approximately $68,000. Global Retirement Partners LLC purchased a new stake in Franklin Limited Duration Income Trust during the 4th quarter valued at $89,000. Finally, Azzad Asset Management Inc. ADV raised its stake in Franklin Limited Duration Income Trust by 59.1% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 16,750 shares of the company’s stock valued at $103,000 after buying an additional 6,225 shares during the last quarter.

Franklin Limited Duration Income Trust Company Profile

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.