Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) to Issue Monthly Dividend of $0.06

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) announced a monthly dividend on Tuesday, October 13th. Stockholders of record on Friday, November 20th will be paid a dividend of $0.0615 per share on Monday, November 30th. This represents a $0.74 annualized dividend and a dividend yield of 13.9%. The ex-dividend date of this dividend is Friday, November 20th.

Franklin Limited Duration Income Trust Trading Down 0.7%

NYSEAMERICAN:FTF opened at $5.32 on Thursday. Franklin Limited Duration Income Trust has a 12 month low of $5.29 and a 12 month high of $6.35. The business’s 50-day moving average is $5.62 and its 200 day moving average is $5.76.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FTF. Bank of America Corp DE purchased a new stake in shares of Franklin Limited Duration Income Trust during the 2nd quarter valued at about $1,115,000. Kingsview Wealth Management LLC bought a new position in shares of Franklin Limited Duration Income Trust in the 2nd quarter valued at about $899,000. Financially in Tune LLC bought a new position in shares of Franklin Limited Duration Income Trust in the 4th quarter valued at about $510,000. Beacon Pointe Advisors LLC purchased a new position in Franklin Limited Duration Income Trust in the second quarter worth about $467,000. Finally, Shaker Financial Services LLC grew its position in Franklin Limited Duration Income Trust by 22.5% in the third quarter. Shaker Financial Services LLC now owns 332,332 shares of the company’s stock worth $1,781,000 after acquiring an additional 60,997 shares in the last quarter.

About Franklin Limited Duration Income Trust

Franklin Limited Duration Income Trust is a closed-end management investment company listed on the NYSE American under the symbol FTF. The fund seeks to provide current income while maintaining a limited portfolio duration, which is intended to reduce sensitivity to changes in interest rates compared with longer-duration fixed-income investments.

The trust invests primarily in a diversified portfolio of debt securities and other income-producing instruments. Its holdings may include investment-grade and below-investment-grade corporate bonds, floating-rate loans, mortgage-related securities, government and agency obligations, and other fixed-income assets.