Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) declared a monthly dividend on Monday, September 21st, Wall Street Journal reports. Investors of record on Wednesday, September 30th will be paid a dividend of 0.0776 per share on Thursday, October 15th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 10.35%. The ex-dividend date is Tuesday, September 29th. This is a boost from Franklin Limited Duration Income Trust’s previous monthly dividend of $0.08.
Franklin Limited Duration Income Trust has increased its dividend payment by 30.3% over the last three years and has raised its dividend annually for the last 1 consecutive years.
Shares of NYSEAMERICAN FTF opened at $9.00 on Wednesday. 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.
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