Franklin Universal Trust Plans Sep 16 Dividend of $0.03 (FT)
Franklin Universal Trust (NYSE:FT) declared a sep 16 dividend on Monday, September 19th. Investors of record on Friday, September 30th will be paid a dividend of 0.032 per share on Friday, October 14th. The ex-dividend date is Wednesday, September 28th.
Shares of Franklin Universal Trust (NYSE:FT) traded up 0.30% during trading on Monday, reaching $6.72. 23,883 shares of the company were exchanged. Franklin Universal Trust has a one year low of $5.13 and a one year high of $7.05. The stock has a 50-day moving average price of $6.91 and a 200-day moving average price of $6.60.
Separately, Morgan Stanley downgraded shares of Franklin Universal Trust from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 18th.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/19/franklin-universal-trust-plans-sep-16-dividend-of-0-03-ft.html
Franklin Universal Trust Company Profile
Franklin Universal Trust (the Fund) is a closed-end management investment company. The Fund’s primary investment objective is to provide high current income consistent with preservation of capital. Its secondary objective is growth of income through dividend increases and capital appreciation. The Fund invests primarily in two asset classes: high-yield bonds and utility stocks.
Receive News & Ratings for Franklin Universal Trust Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Franklin Universal Trust and related companies with MarketBeat.com’s FREE daily email newsletter.