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

Franklin Universal Trust (NYSE:FT - Get Free Report) declared a monthly dividend on Friday, March 7th, Wall Street Journal reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.0425 per share by the financial services provider on Monday, March 31st. This represents a $0.51 dividend on an annualized basis and a dividend yield of 6.75%. The ex-dividend date of this dividend is Monday, March 17th.

Franklin Universal Trust has decreased its dividend by an average of 1.9% per year over the last three years.

Franklin Universal Trust Price Performance

Shares of NYSE FT traded up $0.02 during trading hours on Friday, hitting $7.55. 11,385 shares of the company's stock were exchanged, compared to its average volume of 45,369. Franklin Universal Trust has a 1-year low of $6.34 and a 1-year high of $7.80. The company's 50-day moving average price is $7.52 and its 200-day moving average price is $7.50.

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.