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

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) announced a monthly dividend on Monday, September 9th, Wall Street Journal reports. Stockholders of record on Thursday, September 19th will be paid a dividend of 0.0615 per share on Monday, September 30th. This represents a $0.74 annualized dividend and a dividend yield of 11.06%. The ex-dividend date of this dividend is Thursday, September 19th.

Franklin Limited Duration Income Trust has raised its dividend by an average of 9.2% per year over the last three years.

Franklin Limited Duration Income Trust Price Performance

Franklin Limited Duration Income Trust stock traded up $0.03 during midday trading on Tuesday, hitting $6.67. 254,850 shares of the company were exchanged, compared to its average volume of 191,832. Franklin Limited Duration Income Trust has a fifty-two week low of $5.76 and a fifty-two week high of $6.75.

Franklin Limited Duration Income Trust Company Profile

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.