Franklin Universal Trust (NYSE:FT – Get 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
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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