Welcome to our dedicated page for Franklin Universal Trust news (Ticker: FT), a resource for investors and traders seeking the latest updates and insights on Franklin Universal Trust stock.
Franklin Universal Trust (FT) provides investors with high current income through strategic investments in high yield bonds and utility stocks. This news hub offers comprehensive coverage of material developments affecting this closed-end fund, serving as a critical resource for monitoring its income-focused strategy and capital preservation efforts.
Access all official press releases and market analyses in one centralized location, including updates on dividend declarations, portfolio rebalancing, and regulatory filings. Our curated selection enables stakeholders to track earnings reports, leadership changes, and strategic initiatives that impact the fund's performance.
Bookmark this page for real-time updates on FT's investment activities and expert commentary on its dual approach to income generation. Regular visitors gain advantage through immediate access to operational updates and market positioning insights essential for informed financial decisions.
Franklin Universal Trust (NYSE: FT) has announced the sources of its June 28, 2024, distribution, noting that the distribution per share is $0.0425. This comprises 78% net investment income ($0.0332 per share) and 22% net realized short-term capital gains ($0.0093 per share). Year-to-date, as of May 31, 2024, the distribution per share totals $0.3825, with allocations of 58% net investment income, 20% net realized short-term capital gains, and 22% return of capital.
FT highlights that a portion of the distributions may be a return of capital, which should not be confused with yield or income. The actual tax amounts will be detailed in Form 1099-DIV. The Fund's 5-year average annual total return is 5.27%, the annualized distribution rate is 6.48%, and the cumulative total return is 6.15%. The primary investment objective is high current income with capital preservation, and the secondary objective is income growth through dividend increases and capital appreciation.
Franklin Universal Trust [NYSE: FT] has announced a monthly distribution of $0.0425 per share from net investment income, payable on June 28, 2024, to shareholders of record on June 18, 2024. The primary objective of the Fund is to provide high, current income while preserving capital, and the secondary objective is income growth via dividend increases and capital appreciation. Distributions may vary based on the Fund's net investment income. Shareholders should not infer the Fund’s performance from the distribution amount or policy. The distribution's sources are estimates and not for tax reporting purposes. Form 1099-DIV will be sent to shareholders for tax reporting. Franklin Templeton, managing over $1.6 trillion in assets as of April 30, 2024, operates globally with a mission to deliver superior investment management and wealth management solutions.
Franklin Universal Trust (FT) has announced the estimated sources of its distributions for May and the fiscal year-to-date 2024. As of April 30, 2024, the monthly distribution per share is $0.0425, with 49% from net investment income and 51% from net realized short-term capital gains. Cumulative year-to-date, the distribution per share is $0.3400, comprised of 55% net investment income, 20% net realized short-term capital gains, and 25% return of capital. FT emphasizes the distribution may include a return of capital, which doesn't necessarily reflect investment performance. Performance metrics as of April 30, 2024, include a 4.02% five-year average annual total return, a 6.72% annualized distribution rate, a 7.99% cumulative total return, and a 4.48% cumulative fiscal year-to-date distribution rate. The fund's primary goal is high, current income with capital preservation, and its secondary goal is income growth through dividends and capital appreciation. Franklin Templeton, the managing organization, oversees over $1.6 trillion in assets globally as of April 30, 2024.
Franklin Universal Trust announced a monthly distribution of $0.0425 per share, payable on May 31, 2024, to shareholders of record on May 17, 2024. The Fund aims to provide high, current income while preserving capital and seeks income growth through dividend increases and capital appreciation. Shareholders should not infer investment performance from distributions, as they may vary. The Fund will send a Form 1099-DIV for tax reporting purposes.
Franklin Universal Trust (FT) announced the sources of distributions for the upcoming period and fiscal year, highlighting estimated allocations and distribution breakdown. Shareholders are cautioned not to infer investment performance solely from distributions. The company has distributed more than its income and capital gains, potentially returning capital to shareholders. The PR also includes information on distribution sources, tax implications, and performance metrics.
FAQ
What is the current stock price of Franklin Universal Trust (FT)?
What is the market cap of Franklin Universal Trust (FT)?
