Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF – Get Free Report) announced a monthly dividend on Friday, March 7th, Wall Street Journal reports. Investors of record on Monday, March 17th will be paid a dividend of 0.0615 per share on Monday, March 31st. This represents a $0.74 dividend on an annualized basis and a dividend yield of 11.28%. The ex-dividend date of this dividend is Monday, March 17th.
Franklin Limited Duration Income Trust has increased its dividend by an average of 2.9% annually over the last three years.
Franklin Limited Duration Income Trust Price Performance
Shares of NYSEAMERICAN FTF opened at $6.54 on Friday. The stock’s fifty day moving average is $6.54. Franklin Limited Duration Income Trust has a 1-year low of $6.08 and a 1-year high of $6.83.
Franklin Limited Duration Income Trust Company Profile
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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