Franklin Universal Trust (FT) To Go Ex-Dividend on December 23rd

Franklin Universal Trust (NYSE:FT) announced a monthly dividend on Tuesday, October 13th. Shareholders of record on Wednesday, December 23rd will be given a dividend of $0.0425 per share by the financial services provider on Thursday, December 31st. This represents a $0.51 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Wednesday, December 23rd.

Franklin Universal Trust Price Performance

FT stock opened at $7.10 on Thursday. The firm has a 50 day moving average of $7.50 and a two-hundred day moving average of $7.86. Franklin Universal Trust has a 12 month low of $6.95 and a 12 month high of $8.35.

Institutional Investors Weigh In On Franklin Universal Trust

A hedge fund recently bought a new position in Franklin Universal Trust stock. Independent Financial Group LLC bought a new position in shares of Franklin Universal Trust (NYSE:FT) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,362 shares of the financial services provider’s stock, valued at approximately $99,000.

Franklin Universal Trust Company Profile

Franklin Universal Trust is a diversified closed-end investment company listed on the New York Stock Exchange under the symbol FT. The fund seeks to provide a high level of current income while also pursuing capital appreciation through investments in a range of debt and equity securities.

The trust has historically emphasized securities issued by companies in utility-related industries, including electric, gas, telecommunications and other infrastructure businesses. Its portfolio may include common and preferred stocks, corporate bonds and other income-producing investments, allowing the fund to participate in both equity and fixed-income markets.

Franklin Universal Trust is managed by Franklin Advisers, Inc, an affiliate of Franklin Resources, Inc, which operates under the Franklin Templeton brand.