Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF – Get Free Report) announced a monthly dividend on Wednesday, May 8th, Wall Street Journal reports. Shareholders of record on Friday, May 17th will be given a dividend of 0.0615 per share on Friday, May 31st. This represents a $0.74 annualized dividend and a yield of 11.77%. The ex-dividend date is Thursday, May 16th.
Franklin Limited Duration Income Trust has raised its dividend by an average of 9.2% per year over the last three years and has raised its dividend every year for the last 1 years.
Franklin Limited Duration Income Trust Stock Performance
NYSEAMERICAN:FTF opened at $6.27 on Friday. Franklin Limited Duration Income Trust has a twelve month low of $5.76 and a twelve month high of $6.56.
Franklin Limited Duration Income Trust Company Profile
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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