Franklin Universal Trust (NYSE:FT – Get Free Report) declared a monthly dividend on Thursday, August 8th, Wall Street Journal reports. Shareholders of record on Monday, August 19th will be given a dividend of 0.0425 per share by the financial services provider on Friday, August 30th. This represents a $0.51 annualized dividend and a yield of 7.23%. The ex-dividend date is Monday, August 19th.
Franklin Universal Trust has increased its dividend by an average of 9.9% per year over the last three years.
Franklin Universal Trust Price Performance
FT traded up $0.03 during midday trading on Thursday, hitting $7.05. 46,179 shares of the company traded hands, compared to its average volume of 53,037. The company’s 50-day moving average is $6.87 and its 200 day moving average is $6.68. Franklin Universal Trust has a 52 week low of $5.97 and a 52 week high of $7.13.
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.
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