Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) will issue a monthly dividend of $0.06


Franklin Limited Life Income Trust (NYSEAMERICAN:FTF – Get Rating) declared a monthly dividend on Thursday, June 9, The Wall Street Journal reports. Shareholders of record on Friday June 17 will receive a dividend of 0.0644 per share on Thursday June 30. This represents an annualized dividend of $0.77 and a yield of 11.10%. The ex-dividend date is Thursday, June 16.

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

FTF stock was down $0.03 during Thursday’s midday session, hitting $6.96. The stock had trading volume of 131,550 shares, compared to an average volume of 213,474. Franklin Limited Duration Income Trust has a 1-year low of $6.67 and a 1-year high of $9.43.

Several hedge funds and other institutional investors have recently changed their holdings in the company. Invesco Ltd. increased its holdings of Franklin Limited Duration Income Trust shares by 26.9% in the first quarter. Invesco Ltd. now owns 525,499 shares of the company valued at $3,983,000 after acquiring an additional 111,532 shares in the last quarter. Goldman Sachs Group Inc. acquired a new equity position in Franklin Limited Duration Income Trust during Q1 worth approximately $1,421,000. Guggenheim Capital LLC increased its holdings of Franklin Limited Duration Income Trust shares by 41.9% during the 1st quarter. Guggenheim Capital LLC now owns 176,499 shares of the company valued at $1,338,000 after acquiring an additional 52,132 shares in the last quarter. NewEdge Advisors LLC increased its stake in Franklin Limited Duration Income Trust by 2.6% during the 1st quarter. NewEdge Advisors LLC now owns 176,474 shares of the company valued at $1,338,000 after purchasing an additional 4,400 shares during the period. Finally, UBS Group AG increased its stake in Franklin Limited Duration Income Trust by 32.2% during the third quarter. UBS Group AG now owns 120,770 shares of the company valued at $1,098,000 after purchasing an additional 29,416 shares during the period.

About Franklin Limited Duration Income Trust (Get a rating)

Franklin Limited Duration Income Trust is a closed-end fixed income mutual fund launched by Franklin Resources, Inc. The fund is managed by Franklin Advisers, Inc. It invests in the United States fixed income markets. The fund invests primarily in mortgage-backed securities, asset-backed securities, floating rate bank loans and high yield corporate bonds.

Further reading

Dividend history for Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF)



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