Franklin Universal Trust (NYSE:FT – Get Free Report) declared a monthly dividend on Wednesday, August 7th, Wall Street Journal reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 7.16%. The ex-dividend date of this dividend is Monday, August 19th.
Franklin Universal Trust has raised its dividend payment by an average of 9.9% per year over the last three years.
Franklin Universal Trust Price Performance
Shares of NYSE:FT opened at $7.12 on Friday. The firm has a 50 day moving average of $6.90 and a 200 day moving average of $6.71. Franklin Universal Trust has a 52 week low of $5.97 and a 52 week high of $7.14.
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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