Franklin Universal Trust (NYSE:FT – Get Free Report) declared a monthly dividend on Wednesday, January 8th,Wall Street Journal reports. Stockholders of record on Tuesday, January 21st will be paid a dividend of 0.0425 per share by the financial services provider on Friday, January 31st. This represents a $0.51 dividend on an annualized basis and a dividend yield of 6.96%. The ex-dividend date of this dividend is Tuesday, January 21st.
Franklin Universal Trust has raised its dividend payment by an average of 0.2% annually over the last three years.
Franklin Universal Trust Stock Performance
Shares of FT stock opened at $7.33 on Friday. Franklin Universal Trust has a twelve month low of $6.34 and a twelve month high of $7.80. The stock’s fifty day simple moving average is $7.49 and its 200 day simple moving average is $7.31.
Franklin Universal Trust Company Profile
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.
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