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

Franklin Universal Trust (NYSE:FT - Get Free Report) announced a monthly dividend on Friday, February 7th,Wall Street Journal reports. Shareholders of record on Tuesday, February 18th will be given a dividend of 0.0425 per share by the financial services provider on Friday, February 28th. This represents a $0.51 annualized dividend and a yield of 6.72%. The ex-dividend date of this dividend is Tuesday, February 18th.

Franklin Universal Trust has decreased its dividend payment by an average of 0.5% annually over the last three years.

Franklin Universal Trust Stock Up 0.3 %

Shares of FT traded up $0.02 during mid-day trading on Thursday, hitting $7.59. 21,956 shares of the company were exchanged, compared to its average volume of 47,954. The company has a 50 day moving average of $7.46 and a 200-day moving average of $7.42. Franklin Universal Trust has a 1-year low of $6.34 and a 1-year high of $7.80.

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.