Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF – Get Free Report) announced a monthly dividend on Friday, December 6th,Wall Street Journal reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.0615 per share on Tuesday, December 31st. This represents a $0.74 dividend on an annualized basis and a dividend yield of 11.03%. The ex-dividend date of this dividend is Monday, December 16th.
Franklin Limited Duration Income Trust has raised its dividend payment by an average of 9.2% per year over the last three years.
Franklin Limited Duration Income Trust Stock Performance
FTF stock traded down $0.03 during mid-day trading on Friday, hitting $6.69. 206,539 shares of the company were exchanged, compared to its average volume of 191,619. Franklin Limited Duration Income Trust has a 1-year low of $6.08 and a 1-year high of $6.83.
Franklin Limited Duration Income Trust Company Profile
Franklin Limited Duration Income Trust is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc The fund is managed by Franklin Advisers, Inc It invests in the fixed income markets of the United States. The fund primarily invests in mortgage-backed securities, asset-backed securities, floating rate bank loans, and high yield corporate bonds.
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