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

Franklin Universal Trust (NYSE:FT) declared a monthly dividend on Wednesday, May 8th, Wall Street Journal reports. Investors of record on Friday, May 17th will be paid a dividend of 0.0425 per share by the financial services provider on Friday, May 31st. This represents a $0.51 dividend on an annualized basis and a yield of 7.54%. The ex-dividend date of this dividend is Thursday, May 16th.

Franklin Universal Trust has raised its dividend by an average of 9.9% annually over the last three years.

Franklin Universal Trust Trading Up 0.3 %

NYSE FT traded up $0.02 during trading on Wednesday, hitting $6.76. The stock had a trading volume of 33,483 shares, compared to its average volume of 58,587. Franklin Universal Trust has a 12 month low of $5.97 and a 12 month high of $7.06. The company’s 50-day moving average price is $6.55 and its two-hundred day moving average price is $6.51.

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.