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

Franklin Universal Trust (NYSE:FT) announced a monthly dividend on Wednesday, January 8th,Wall Street Journal reports. Shareholders of record on Tuesday, January 21st will be given 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 dividend yield of 6.96%. The ex-dividend date of this dividend 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 Price Performance

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

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.