Franklin Universal Trust (FT) To Go Ex-Dividend on September 16th

Franklin Universal Trust (NYSE:FTGet Rating) declared a monthly dividend on Friday, September 9th, Wall Street Journal reports. Stockholders of record on Monday, September 19th will be paid a dividend of 0.0425 per share by the financial services provider on Friday, September 30th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 6.34%. The ex-dividend date is Friday, September 16th.

Franklin Universal Trust has increased its dividend payment by an average of 6.8% per year over the last three years and has increased its dividend annually for the last 1 consecutive years.

Franklin Universal Trust Trading Up 2.9 %

Franklin Universal Trust stock opened at $8.05 on Friday. The firm’s 50-day simple moving average is $7.70 and its 200 day simple moving average is $7.75. Franklin Universal Trust has a 52 week low of $7.02 and a 52 week high of $8.79.

Institutional Investors Weigh In On Franklin Universal Trust

Several hedge funds have recently modified their holdings of FT. NewEdge Advisors LLC grew its position in shares of Franklin Universal Trust by 15.8% in the first quarter. NewEdge Advisors LLC now owns 16,100 shares of the financial services provider’s stock valued at $130,000 after purchasing an additional 2,200 shares during the period. Cetera Investment Advisers boosted its stake in Franklin Universal Trust by 19.7% in the 1st quarter. Cetera Investment Advisers now owns 16,672 shares of the financial services provider’s stock worth $135,000 after buying an additional 2,743 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Franklin Universal Trust by 0.8% in the 2nd quarter. Wells Fargo & Company MN now owns 496,095 shares of the financial services provider’s stock valued at $3,696,000 after buying an additional 3,759 shares during the period. LPL Financial LLC increased its stake in shares of Franklin Universal Trust by 11.5% during the 2nd quarter. LPL Financial LLC now owns 87,165 shares of the financial services provider’s stock valued at $649,000 after acquiring an additional 9,019 shares during the last quarter. Finally, Cetera Advisor Networks LLC purchased a new position in shares of Franklin Universal Trust during the 2nd quarter worth about $83,000.

Franklin Universal Trust Company Profile

(Get Rating)

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.

See Also

Dividend History for Franklin Universal Trust (NYSE:FT)

Receive News & Ratings for Franklin Universal Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Universal Trust and related companies with MarketBeat.com's FREE daily email newsletter.