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

Franklin Universal Trust (NYSE:FT) announced a monthly dividend on Thursday, November 7th,Wall Street Journal reports. Investors of record on Monday, November 18th will be paid a dividend of 0.0425 per share by the financial services provider on Friday, November 29th. This represents a $0.51 dividend on an annualized basis and a yield of 6.79%. The ex-dividend date is Monday, November 18th.

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

Franklin Universal Trust Price Performance

Shares of NYSE FT opened at $7.51 on Friday. The stock has a fifty day simple moving average of $7.51 and a two-hundred day simple moving average of $7.13. Franklin Universal Trust has a 1-year low of $6.34 and a 1-year high of $7.69.

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.