Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) declared a monthly dividend on Thursday, June 20th, Wall Street Journal reports. Stockholders of record on Friday, June 28th will be paid a dividend of 0.0868 per share on Monday, July 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.73%. The ex-dividend date is Thursday, June 27th.
Franklin Limited Duration Income Trust has increased its dividend by an average of 16.9% per year over the last three years.
Shares of FTF stock traded down $0.02 during trading hours on Tuesday, reaching $9.69. 3,464 shares of the company’s stock were exchanged, compared to its average volume of 100,584. Franklin Limited Duration Income Trust has a 1 year low of $8.60 and a 1 year high of $11.55.
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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