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

Franklin Universal Trust (NYSE:FT - Get Free Report) declared a monthly dividend on Monday, April 13th. Shareholders of record on Thursday, April 23rd will be paid a dividend of 0.0425 per share by the financial services provider on Thursday, April 30th. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date is Thursday, April 23rd.Franklin Universal Trust Trading Down 0.3%Big Buybacks Announced: 3 Stocks Insiders Are Banking OnShares of NYSE:FT opened at $8.24 on Tuesday. The business's 50 day simple moving average is $8.16 and its two-hundred day simple moving average is $8.07. Franklin Universal Trust has a 52-week low of $7.11 and a 52-week high of $8.35. About Franklin Universal Trust (Get Free Report)Franklin Universal Trust NYSE: FT is a closed-end management investment company organized under Maryland law and managed by Franklin Templeton. The trust seeks to provide a high level of current income with a secondary objective of capital appreciation. It issues common shares that trade on the New York Stock Exchange, offering investors access to a diversified portfolio of income-oriented credit instruments. 2 aerospace stocks are ready to take flight on the next leg up The fund's core strategy focuses on senior secured floating-rate bank loans, which typically adjust their interest rates in line with market benchmarks.Featured StoriesFive stocks we like better than Franklin Universal TrustThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.3 Stocks For the Resurgent Energy RallyShould You Invest $1,000 in Franklin Universal Trust Right Now?Before you consider Franklin Universal Trust, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Franklin Universal Trust wasn't on the list.While Franklin Universal Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here