Franklin Universal Trust (NYSE:FT – Get Free Report) announced a monthly dividend on Friday, December 6th,Wall Street Journal reports. Investors of record on Monday, December 16th will be given a dividend of 0.0425 per share by the financial services provider on Tuesday, December 31st. This represents a $0.51 annualized dividend and a dividend yield of 6.77%. The ex-dividend date of this dividend is Monday, December 16th.
Franklin Universal Trust has increased its dividend by an average of 9.9% annually over the last three years.
Franklin Universal Trust Price Performance
NYSE FT opened at $7.53 on Friday. Franklin Universal Trust has a 12 month low of $6.34 and a 12 month high of $7.80. The stock’s fifty day moving average price is $7.57 and its 200-day moving average price is $7.24.
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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