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

Franklin Universal Trust (NYSE:FT - Get Free Report) declared a monthly dividend on Tuesday, April 8th, Wall Street Journal reports. Investors of record on Thursday, April 17th will be paid a dividend of 0.0425 per share by the financial services provider on Wednesday, April 30th. This represents a $0.51 dividend on an annualized basis and a yield of 7.21%. The ex-dividend date of this dividend is Thursday, April 17th.

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

Franklin Universal Trust Stock Up 0.4 %

NYSE FT traded up $0.03 during midday trading on Friday, hitting $7.07. 49,360 shares of the company traded hands, compared to its average volume of 43,900. Franklin Universal Trust has a 52 week low of $6.34 and a 52 week high of $7.80. The company's 50-day simple moving average is $7.48 and its 200-day simple moving average is $7.49.

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.