Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) announced a monthly dividend on Wednesday, May 20th, Wall Street Journal reports. Stockholders of record on Friday, May 29th will be paid a dividend of 0.073 per share on Monday, June 15th. This represents a $0.88 annualized dividend and a dividend yield of 10.86%. The ex-dividend date of this dividend is Thursday, May 28th.
Franklin Limited Duration Income Trust has decreased its dividend payment by an average of 11.6% per year over the last three years.
Shares of NYSEAMERICAN FTF traded down $0.01 during trading on Wednesday, reaching $8.07. The company had a trading volume of 142,668 shares, compared to its average volume of 144,450. Franklin Limited Duration Income Trust has a 52 week low of $5.56 and a 52 week high of $9.85.
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.
Recommended Story: Gap Up Stocks
Receive News & Ratings for Franklin Limited Duration Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Franklin Limited Duration Income Trust and related companies with MarketBeat.com's FREE daily email newsletter.