Shares of Franklin Universal Trust (NYSE:FT – Get Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $7.53 and traded as low as $7.52. Franklin Universal Trust shares last traded at $7.60, with a volume of 27,357 shares.
Franklin Universal Trust Price Performance
The company’s 50 day simple moving average is $7.53 and its 200-day simple moving average is $7.50.
Franklin Universal Trust Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.0425 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.51 dividend on an annualized basis and a yield of 6.71%.
Institutional Inflows and Outflows
About Franklin Universal Trust
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.
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