Franklin Universal Trust (NYSE:FT) to Issue Monthly Dividend of $0.04

Franklin Universal Trust (NYSE:FT) announced 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 annualized dividend and a yield of 6.96%. The ex-dividend date is Tuesday, January 21st.

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

Franklin Universal Trust Stock Performance

NYSE FT traded up $0.01 during trading hours on Thursday, hitting $7.33. The company had a trading volume of 20,389 shares, compared to its average volume of 54,798. The business has a 50 day moving average of $7.50 and a 200-day moving average of $7.31. Franklin Universal Trust has a 1-year low of $6.34 and a 1-year high of $7.80.

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.