Franklin Limited Duration Income Trust Announces Monthly Dividend of $0.06 (NYSEAMERICAN:FTF)

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) declared a monthly dividend on Wednesday, May 8th, Wall Street Journal reports. Stockholders of record on Friday, May 17th will be paid a dividend of 0.0615 per share on Friday, May 31st. This represents a $0.74 dividend on an annualized basis and a dividend yield of 11.81%. The ex-dividend date of this dividend 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 increased its dividend every year for the last 1 years.

Franklin Limited Duration Income Trust Stock Performance

NYSEAMERICAN FTF traded down $0.03 during midday trading on Wednesday, hitting $6.25. The company had a trading volume of 146,323 shares, compared to its average volume of 162,501. Franklin Limited Duration Income Trust has a fifty-two week low of $5.76 and a fifty-two week high of $6.56.

About Franklin Limited Duration Income Trust

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.