Dividend Watching: Franklin Universal Trust (NYSE:FT) dividends of $0.03 are projected for the near future; this is why.

Dividend Watching: Franklin Universal Trust (NYSE:FT) dividends of $0.03 are projected for the near future; this is why.

Franklin Universal Trust (NYSE:FT) is expected to pay $0.03 on Dec 15, 2016. The indicated annual dividend is $0.44. Shareholders owning the stock before Nov 28, 2016 will be eligible to receive the payout. Based on Franklin Universal Trust’s current price of $6.50, the dividend is 0.49%. This dividend’s record date is Nov 30, 2016 and the announcement date is Nov 18, 2016. The stock increased 0.31% or $0.02 on November 25, hitting $6.5. About 17,701 shares traded hands. Franklin Universal Trust (NYSE:FT) has risen 2.36% since April 25, 2016 and is uptrending. It has underperformed by 3.65% the S&P500.

Franklin Universal Trust is a closed-end management investment company. The company has a market cap of $164.11 million. The Fund’s primary investment objective is to provide high, current income consistent with preservation of capital. It has a 6.37 P/E ratio. The Company’s secondary objective is growth of income through dividend increases and capital appreciation.

Insitutional Activity: The institutional sentiment increased to 3 in 2016 Q2. Its up 2.07, from 0.93 in 2016Q1. The ratio improved, as 5 funds sold all Franklin Universal Trust shares owned while 9 reduced positions. 2 funds bought stakes while 11 increased positions. They now own 3.54 million shares or 10.54% less from 3.96 million shares in 2016Q1.
Synovus Corp last reported 7,606 shares in the company. First Allied Advisory Svcs holds 34,776 shares or 0.01% of its portfolio. Moreover, Cetera Llc has 0.01% invested in Franklin Universal Trust (NYSE:FT) for 21,741 shares. Moreover, Landscape Capital Limited Com has 0.01% invested in Franklin Universal Trust (NYSE:FT) for 10,048 shares. Css Ltd Com Il, a Illinois-based fund reported 14,736 shares. Royal Financial Bank Of Canada has 0% invested in the company for 114,941 shares. Cetera Advisor Ntwk Llc holds 0.02% or 48,668 shares in its portfolio. Ladenburg Thalmann owns 79,185 shares or 0.01% of their US portfolio. Koshinski Asset Mngmt has invested 0% of its portfolio in Franklin Universal Trust (NYSE:FT). Pnc Fin Service Gru Inc reported 28,697 shares or 0% of all its holdings. Stifel Corp holds 0.01% or 176,065 shares in its portfolio. The West Virginia-based City Co has invested 0% in Franklin Universal Trust (NYSE:FT). The Florida-based Finemark Natl Bank And has invested 0% in Franklin Universal Trust (NYSE:FT). Wells Fargo And Mn accumulated 0% or 162,948 shares. Citigroup accumulated 0% or 1,450 shares.

Another recent and important Franklin Universal Trust (NYSE:FT) news was published by Seekingalpha.com which published an article titled: “Franklin Universal Trust: An Interesting Mix In This CEF (FT)” on February 05, 2015.

FT Company Profile

Franklin Universal Trust (the Fund) is a diversified, closed-end investment company. The Fund’s primary investment objective is to provide high current income consistent with preservation of capital. The Company’s secondary objective is growth of income through dividend increases and capital appreciation. The Fund invests primarily in two asset classes: high-yield bonds and utility stocks.

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