Franklin Universal Trust (NYSE:FT) Declares Monthly Dividend of $0.04

Franklin Universal Trust (NYSE:FT) declared a monthly dividend on Friday, December 6th,Wall Street Journal reports. Shareholders of record on Monday, December 16th will be paid a dividend of 0.0425 per share by the financial services provider on Tuesday, December 31st. This represents a $0.51 dividend on an annualized basis and a yield of 6.77%. The ex-dividend date is Monday, December 16th.

Franklin Universal Trust has raised its dividend payment by an average of 9.9% annually over the last three years.

Franklin Universal Trust Price Performance

Shares of NYSE FT remained flat at $7.53 during trading on Friday. 20,039 shares of the stock were exchanged, compared to its average volume of 48,805. The firm’s 50-day moving average price is $7.57 and its 200 day moving average price is $7.24. Franklin Universal Trust has a 12-month low of $6.34 and a 12-month high of $7.80.

About Franklin Universal Trust

Franklin Universal Trust is a closed-ended balanced mutual fund launched by Franklin Resources, Inc The fund is managed by Franklin Advisers, Inc It invests in the public equity and fixed income markets of the United States. The fund invests in companies operating in utility sector. It employs fundamental analysis to invest in a diversified portfolio of corporate bonds and dividend paying utility stocks.