Franklin Universal Trust(NYSE:FT) Declares Dividend of $0.0320.

Franklin Universal Trust (NYSE:FT) had declared a cash dividend of $0.0320 on Aug 19, 2016. The shares will quote ex-dividend on Aug 29, 2016 and the record date has been fixed for Aug 31, 2016. On Aug 19, 2016 share price, the yield comes out to be 5.5572%. The dividend payable date has been fixed on Sep 15, 2016.

Franklin Universal Trust (FT) shares turned negative on Mondays trading session with the shares closing down -0.018 points or -0.26% at a volume of 1,50,839. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $6.92. The peak price level was also seen at $6.92 while the days lowest was $6.8205. Finally the shares closed at $6.83. The 52-week high of the shares is $7.05 while the 52-week low is $5.13. According to the latest information available, the market cap of the company is $189 M.

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. The Fund invests in sectors such as non-energy minerals utilities commercial services communications consumer durables consumer non-durables electronic technology industrial services process industries technology services and transportation. The Fund invests in the Franklin Institutional Fiduciary Trust Money Market Portfolio (the Sweep Money Fund) an open-end investment company managed by its investment manager. The Fund also invests in restricted securities. The Fund’s investment manager is Franklin Advisers Inc. Its administrative manager is Franklin Templeton Services LLC.

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