Franklin Universal Trust: Dividend Insights
Portfolio Pulse from Benzinga Insights
Franklin Universal Trust (NYSE:FT) has announced a monthly dividend of 4.25 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 4.25 cents lower. Shareholders owning FT by the end of Thursday's session will be eligible for the dividend, which will be paid out on September 29, 2023.
September 12, 2023 | 2:45 pm
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Franklin Universal Trust's announcement of a 4.25 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not necessarily indicative of the company's overall performance.
When a stock goes ex-dividend, it typically trades lower to reflect the payout, which is why a short-term decrease in Franklin Universal Trust's stock price is expected. However, this is a common occurrence when dividends are paid and does not necessarily reflect on the company's overall financial health or performance.
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