Franklin Universal Trust (NYSE:FT – Get Free Report) announced a monthly dividend on Tuesday, July 14th. Investors of record on Friday, July 24th will be given a dividend of 0.0425 per share by the financial services provider on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Friday, July 24th.
Franklin Universal Trust Stock Performance
Shares of FT stock opened at $8.10 on Wednesday. Franklin Universal Trust has a twelve month low of $7.68 and a twelve month high of $8.35. The stock’s fifty day simple moving average is $8.03 and its 200 day simple moving average is $8.10.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in FT. Noble Wealth Management PBC bought a new stake in Franklin Universal Trust during the 4th quarter worth approximately $32,000. Spire Wealth Management bought a new position in shares of Franklin Universal Trust during the fourth quarter valued at $40,000. PNC Financial Services Group Inc. lifted its holdings in shares of Franklin Universal Trust by 61.6% during the third quarter. PNC Financial Services Group Inc. now owns 5,174 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 1,972 shares during the period. PMG Family Office LLC acquired a new position in shares of Franklin Universal Trust during the third quarter worth $93,000. Finally, Independent Financial Group LLC bought a new stake in shares of Franklin Universal Trust in the first quarter worth $99,000.
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.
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