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, July 14th. Shareholders of record on Monday, August 24th will be given a dividend of 0.0615 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%. The ex-dividend date is Monday, August 24th.

Franklin Limited Duration Income Trust Stock Up 0.3%

Shares of NYSEAMERICAN:FTF opened at $5.82 on Wednesday. The company has a 50-day moving average price of $5.83 and a 200-day moving average price of $5.97. Franklin Limited Duration Income Trust has a 12 month low of $5.70 and a 12 month high of $6.53.

Institutional Inflows and Outflows

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