Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF – Get Free Report) announced a monthly dividend on Monday, December 9th,Wall Street Journal reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.0615 per share on Tuesday, December 31st. This represents a $0.74 annualized dividend and a dividend yield of 11.01%. The ex-dividend date of this dividend is Monday, December 16th.
Franklin Limited Duration Income Trust has increased its dividend payment by an average of 9.2% annually over the last three years.
Franklin Limited Duration Income Trust Trading Down 0.1 %
Shares of FTF stock traded down $0.01 on Monday, hitting $6.70. The stock had a trading volume of 315,548 shares, compared to its average volume of 191,820. Franklin Limited Duration Income Trust has a 12-month low of $6.08 and a 12-month high of $6.83.
About Franklin Limited Duration Income Trust
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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