Franklin Universal Trust (NYSE:FT) Declares $0.04 Monthly Dividend

Franklin Universal Trust (NYSE:FT) declared a monthly dividend on Thursday, January 9th,Wall Street Journal reports. Investors of record on Tuesday, January 21st will be paid a dividend of 0.0425 per share by the financial services provider on Friday, January 31st. This represents a $0.51 dividend on an annualized basis and a yield of 6.96%. The ex-dividend date is Tuesday, January 21st.

Franklin Universal Trust has raised its dividend by an average of 0.2% per year over the last three years.

Franklin Universal Trust Stock Up 0.1 %

Shares of FT traded up $0.01 during mid-day trading on Thursday, hitting $7.33. 20,389 shares of the company’s stock were exchanged, compared to its average volume of 54,798. The stock’s 50-day moving average is $7.50 and its 200-day moving average is $7.31. Franklin Universal Trust has a fifty-two week low of $6.34 and a fifty-two week high of $7.80.

Franklin Universal Trust Company Profile

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.