Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF – Get Free Report) announced a monthly dividend on Tuesday, April 8th, Wall Street Journal reports. Shareholders of record on Thursday, April 17th will be given a dividend of 0.0615 per share on Wednesday, April 30th. This represents a $0.74 annualized dividend and a yield of 12.06%. The ex-dividend date is Thursday, April 17th.
Franklin Limited Duration Income Trust has raised its dividend payment by an average of 2.9% annually over the last three years.
Franklin Limited Duration Income Trust Stock Performance
NYSEAMERICAN:FTF opened at $6.12 on Thursday. Franklin Limited Duration Income Trust has a 52 week low of $5.57 and a 52 week high of $6.83. The stock’s 50-day moving average price is $6.48 and its 200-day moving average price is $6.41.
Franklin Limited Duration Income Trust Company Profile
Franklin Limited Duration Income Trust is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc The fund is managed by Franklin Advisers, Inc It invests in the fixed income markets of the United States. The fund primarily invests in mortgage-backed securities, asset-backed securities, floating rate bank loans, and high yield corporate bonds.
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