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

Franklin Universal Trust (NYSE:FT) announced a monthly dividend on Monday, March 10th, Wall Street Journal reports. Investors 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 6.78%. The ex-dividend date is Monday, March 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 Performance

NYSE:FT traded down $0.01 during trading hours on Monday, reaching $7.52. The stock had a trading volume of 31,753 shares, compared to its average volume of 45,915. Franklin Universal Trust has a 52 week low of $6.34 and a 52 week high of $7.80. The company has a 50 day moving average price of $7.50 and a two-hundred day moving average price of $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.