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

Franklin Universal Trust (NYSE:FT) declared a monthly dividend on Thursday, November 7th,Wall Street Journal reports. Shareholders 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 annualized dividend and a dividend yield of 6.79%. The ex-dividend date of this dividend is Monday, November 18th.

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

Franklin Universal Trust Price Performance

FT opened at $7.51 on Friday. The firm has a 50-day simple moving average of $7.51 and a two-hundred day simple moving average of $7.13. Franklin Universal Trust has a 52 week low of $6.34 and a 52 week high of $7.69.

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.