Franklin Universal Trust(NYSE:FT) Announces Monthly Dividend


Dallas, Texas 03/03/2014 (FINANCIALSTRENDS) – Franklin Universal Trust (NYSE: FT), a publicly traded investment company managed by Franklin Advisers, Inc. and they primarily invest in high-yield bonds and utility stocks. They invest in, commercial services, communications, consumer durables, non-energy minerals, utilities consumer non-durables, process industries, technology services electronic technology, industrial services, and transportation. There are speculations that investments are planned towards Franklin Institutional Fiduciary Trust Money Market Portfolio (the Sweep Money Fund), an open-end investment company managed by its investment manager and also may invest in restricted securities. Franklin Advisers Inc is the Funds investment manager and its administrative manager is Franklin Templeton Services, LLC.

Franklin Universal Trust (NYSE:FT) Dividend Details;

The company on February 13th, 2014 announced a cash dividend payment of 0.0395 dollar per share. The payout is planned on March 14, 2014.  This is for the 5th Quarter FT has paid the same dividend. Shareholders who have purchased the stock before commencing of Ex-Dividend trading are eligible for the cash dividend payment. The Ex-Dividend trading will commence on February 26, 2014.  The dividend is yield is 6.59% at the current stock price.

Franklin Universal Trust (NYSE:FT) Funds & shares.

As of February, 28th 2014, the company’s total net asset is $199.8 million with closing price as of 28th February at $7.2. During inception, the initial offering was 23 million shares at a offer price of $10. The latest outstanding shares stand at 25.1 million as of January, 31 2014.

The institutional ownership in this FT stands at 10.11 percent, with 39 share holders out of which 9 are new share holders. And the top 5 holders are “FINANCIAL & INVESTMENT MANAGEMENT GROUP LTD (955,923 shares), ADVISORS ASSET MANAGEMENT, INC.( 238,129 shares), SHAKER FINANCIAL SERVICES, LLC (189,866 shares), WELLS FARGO & COMPANY/MN (148,629 shares) and ROYAL BANK OF CANADA (19,600 shares)”. The company, currently has 3 star ratings based on it performance.