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

Franklin Universal Trust (NYSE:FT) declared a monthly dividend on Friday, November 8th,Wall Street Journal reports. Investors of record on Monday, November 18th will be given a dividend of 0.0425 per share by the financial services provider on Friday, November 29th. This represents a $0.51 dividend on an annualized basis and a yield of 6.76%. The ex-dividend date is Monday, November 18th.

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

Franklin Universal Trust Price Performance

FT stock traded up $0.02 during trading on Friday, reaching $7.54. The company had a trading volume of 41,895 shares, compared to its average volume of 50,435. Franklin Universal Trust has a 52 week low of $6.23 and a 52 week high of $7.65. The business has a 50 day moving average of $7.48 and a 200 day moving average of $7.08.

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.