Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Shares Will Pay Monthly Dividend of $0.06

by · The Markets Daily

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF – Get Free Report) announced a monthly dividend on Wednesday, October 14th. Shareholders of record on Friday, October 23rd will be given a dividend of $0.0615 per share on Friday, October 30th. This represents a $0.74 annualized dividend and a yield of 13.9%. The ex-dividend date of this dividend is Friday, October 23rd.

Franklin Limited Duration Income Trust Trading Down 0.7%

Shares of FTF stock opened at $5.32 on Thursday. Franklin Limited Duration Income Trust has a fifty-two week low of $5.29 and a fifty-two week high of $6.35. The business’s 50 day moving average price is $5.62 and its 200-day moving average price is $5.76.

Institutional Trading of Franklin Limited Duration Income Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FTF. Bank of America Corp DE bought a new stake in shares of Franklin Limited Duration Income Trust during the 2nd quarter valued at about $1,115,000. Kingsview Wealth Management LLC bought a new position in Franklin Limited Duration Income Trust in the second quarter worth about $899,000. Beacon Pointe Advisors LLC bought a new position in Franklin Limited Duration Income Trust in the second quarter worth about $467,000. Pin Oak Investment Advisors Inc. purchased a new stake in Franklin Limited Duration Income Trust in the second quarter worth about $179,000. Finally, BlackRock Inc. purchased a new stake in Franklin Limited Duration Income Trust in the second quarter worth about $151,000.

About Franklin Limited Duration Income Trust

(Get Free Report)

Franklin Limited Duration Income Trust is a closed-end management investment company listed on the NYSE American under the symbol FTF. The fund seeks to provide current income while maintaining a limited portfolio duration, which is intended to reduce sensitivity to changes in interest rates compared with longer-duration fixed-income investments.

The trust invests primarily in a diversified portfolio of debt securities and other income-producing instruments. Its holdings may include investment-grade and below-investment-grade corporate bonds, floating-rate loans, mortgage-related securities, government and agency obligations, and other fixed-income assets.

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