Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Plans $0.07 Monthly Dividend

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF – Get Rating) declared a monthly dividend on Monday, May 9th, Wall Street Journal reports. Investors of record on Monday, May 16th will be given a dividend of 0.0669 per share on Tuesday, May 31st. This represents a $0.80 annualized dividend and a yield of 11.67%. The ex-dividend date of this dividend is Friday, May 13th.

Franklin Limited Duration Income Trust has decreased its dividend by an average of 7.3% per year over the last three years.

NYSEAMERICAN:FTF traded down $0.11 during trading hours on Monday, hitting $6.88. The company’s stock had a trading volume of 107,672 shares, compared to its average volume of 214,346. Franklin Limited Duration Income Trust has a 52-week low of $6.88 and a 52-week high of $9.43.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FTF. NewEdge Advisors LLC acquired a new position in Franklin Limited Duration Income Trust in the fourth quarter valued at $1,564,000. Invesco Ltd. boosted its stake in Franklin Limited Duration Income Trust by 21.5% in the fourth quarter. Invesco Ltd. now owns 413,967 shares of the company’s stock valued at $3,763,000 after acquiring an additional 73,365 shares in the last quarter. UBS Group AG boosted its stake in Franklin Limited Duration Income Trust by 32.2% in the third quarter. UBS Group AG now owns 120,770 shares of the company’s stock valued at $1,098,000 after acquiring an additional 29,416 shares in the last quarter. Morgan Stanley boosted its stake in Franklin Limited Duration Income Trust by 26.5% in the third quarter. Morgan Stanley now owns 87,647 shares of the company’s stock valued at $797,000 after acquiring an additional 18,367 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in Franklin Limited Duration Income Trust by 35.2% in the third quarter. Royal Bank of Canada now owns 14,606 shares of the company’s stock valued at $133,000 after acquiring an additional 3,800 shares in the last quarter.

Franklin Limited Duration Income Trust Company Profile (Get Rating)

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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