Published On: Mon, Sep 19th, 2016

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.

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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.

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