Franklin Limited Duration Income Trust (FTF) to Issue Monthly Dividend of $0.06 on March 31st

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) declared a monthly dividend on Tuesday, January 13th. Stockholders of record on Tuesday, March 24th will be given a dividend of 0.0615 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 12.6%. The ex-dividend date is Tuesday, March 24th.

Franklin Limited Duration Income Trust Price Performance

Shares of Franklin Limited Duration Income Trust stock opened at $5.85 on Friday. Franklin Limited Duration Income Trust has a twelve month low of $5.57 and a twelve month high of $6.55. The company’s fifty day moving average is $6.12 and its 200 day moving average is $6.18.

Institutional Investors Weigh In On Franklin Limited Duration Income Trust

Several large investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. increased its position in Franklin Limited Duration Income Trust by 25.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,040,829 shares of the company’s stock valued at $6,682,000 after buying an additional 208,236 shares in the last quarter. Kingsview Wealth Management LLC bought a new position in Franklin Limited Duration Income Trust in the second quarter worth approximately $173,000. Powell Investment Advisors LLC boosted its holdings in Franklin Limited Duration Income Trust by 6.1% in the third quarter. Powell Investment Advisors LLC now owns 59,383 shares of the company’s stock worth $378,000 after acquiring an additional 3,401 shares in the last quarter. Integrity Advisory Solutions LLC acquired a new stake in Franklin Limited Duration Income Trust in the third quarter valued at approximately $100,000. Finally, Creative Financial Designs Inc. ADV grew its stake in Franklin Limited Duration Income Trust by 144.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 138,003 shares of the company’s stock valued at $879,000 after acquiring an additional 81,595 shares during the period.

About Franklin Limited Duration Income Trust

Franklin Limited Duration Income Trust (NYSE American: FTF) is a diversified, closed-end management investment company that seeks to provide current income while maintaining a limited interest-rate risk profile. The trust primarily invests in a portfolio of investment-grade fixed-income securities, including corporate bonds, U.S. government and agency obligations, mortgage-backed securities and asset-backed securities. By concentrating on higher-quality credits, the fund aims to deliver a steady stream of income while moderating the impact of rising or volatile interest rates on its net asset value.

To manage duration risk, FTF maintains a target portfolio duration that is shorter than that of broad bond-market indices, typically ranging between two and five years.